Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Amazon AWS CEO: Quit if you don’t want to return to office

by
October 18, 2024
in Stock
0
Amazon AWS CEO: Quit if you don’t want to return to office

By Greg Bensinger

(Reuters) -One of Amazon (NASDAQ:AMZN)’s top executives defended the new, controversial 5-day-per-week in-office policy on Thursday, saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes effect in January, according to a transcript reviewed by Reuters.

Those who do not wish to comply can quit, he indicated.

“If there are people who just don’t work well in that environment and don’t want to, that’s okay, there are other companies around,” said Garman. “When we want to really, really innovate on interesting products, I have not seen an ability for us to do that when we’re not in-person.”

The policy has upset many of Amazon’s employees who say it wastes time with commuting and the benefits of working from the office are not supported by independent data.

Amazon has been enforcing a three-day in-office policy, but CEO Andy Jassy said last month the retailer would move to five days to “invent, collaborate and be connected.”

Some employees who had not been previously compliant were told they were “voluntarily resigning” and were locked out of company systems.

Amazon, the world’s second-largest private employer behind Walmart (NYSE:WMT), has taken a harder line on returning to office than many of its technology peers such as Google (NASDAQ:GOOGL), Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT) who have two- to three-day in-office policies.

“I’m actually quite excited about this change,” said Garman. “I know not everyone is,” he said, noting it’s too hard to accomplish the company’s goals with only the mandatory current three days of in-office work.

An Amazon spokesperson declined to comment.

Garman said under the three-day policy, “we didn’t really accomplish anything, like we didn’t get to work together and learn from each other.”

In particular, Garman said the company’s leadership principles, which dictate how Amazon ought to operate, were too difficult to adhere to under the current policy.

“You can’t internalize them by reading them on the website, you really have to experience them day-to-day,” he said.

One, “disagree and commit” — which is understood to mean that employees can express grievances but then should dive into a project as outlined by leaders — is not ideal for remote work, Garman said.

“I don’t know if you guys have tried to disagree via a Chime call,” he said, referring to the company’s internal messaging and calling function. “It’s very hard.”

This post appeared first on investing.com
Previous Post

Asia stocks cautious after mixed China data; dollar firm on Fed view

Next Post

NYCB’s Flagstar unit to cut around 1,900 jobs

Next Post
NYCB’s Flagstar unit to cut around 1,900 jobs

NYCB’s Flagstar unit to cut around 1,900 jobs

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Trump wants to visit China again after he takes office: report

    Trump wants to visit China again after he takes office: report

    January 19, 2025
    Trump inauguration: Who is expected to attend, and who is boycotting?

    Trump inauguration: Who is expected to attend, and who is boycotting?

    January 19, 2025
    The Best Five Sectors, #3

    The Best Five Sectors, #3

    January 19, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Trump wants to visit China again after he takes office: report
    • Trump inauguration: Who is expected to attend, and who is boycotting?
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved