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9 mentions found


☆ Why moves by Amazon and comments by Jamie Dimon don’t threaten an end to remote work benefits
  + stars: | 2024-09-25 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +4 min
But for two key reasons, these kinds of public proclamations don’t signal a broader demise of remote work benefits. Flex work options are too popular to ditchWhile an individual company may decide to backtrack on its remote work policies, the numbers suggest that’s not happening widely. Workplace consulting firm Gallup found in May that among full-time employees in remote-capable jobs, 53% work a hybrid schedule, 27% work exclusively remotely and 21% work on site. As of August 31, job postings on Indeed.com that specify hybrid and remote work have dipped a half percentage point year over year. It also found that HR leaders say hybrid work models help attract and retain talent.
Persons: Jamie Dimon, Andy Jassy’s, Jassy, ”, ’ ”, Chris Williams, “, ” Williams, Gallup, Nick Bunker, it’s, Williams Organizations: CNN, JPMorgan Chase, Microsoft, Board Locations: “, Seattle
☆ Amazon’s space dreams deserve to be grounded
  + stars: | 2023-12-01 | by ( Robert Cyran | ) www.reuters.com   time to read: +4 min
Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne - RC153E11B8F0 Acquire Licensing RightsNEW YORK, Oct 16 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) Project Kuiper is a misguided technological marvel. A recent U.S. government report warned that space junk from currently planned networks could start regularly falling back to Earth by 2035. Facing an uncertain payoff and the possibility that its efforts will burn up on reentry, Amazon’s best move is bowing out of a futile space race. The $1.3 trillion technology company plans to eventually launch over 3,200 satellites into low-earth orbit to provide high-speed internet globally.
Persons: Amazon Jeff Bezos, Clodagh, Jeff Bezos, SpaceX’s, Andy Jassy, Bill Gates, SpaceX honcho Elon Musk, OneWeb, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: Amazon, REUTERS, Reuters, SpaceX, Reuters Graphics Reuters, Kuiper, Eutelsat Communications, Origin, Thomson Locations: Washington , U.S, Bezos, China
☆ For Amazon’s Andy Jassy, a Cleanup Job Just Got a Lot Bigger
  + stars: | 2023-09-26 | by ( Karen Weise | More About Karen Weise | ) www.nytimes.com   time to read: +1 min
In the two years since Andy Jassy replaced Jeff Bezos as Amazon’s chief executive, he has been cleaning up after his company’s aggressive pandemic expansion and after Mr. Bezos. Mr. Jassy has reined in Amazon’s voracious warehouse growth, culled from the company’s sprawl of products and laid off thousands of employees on several of Mr. Bezos’ pet projects. The suit focused on parts of the business that took off before Mr. Jassy gained control over the retail division. The redacted complaint mentions Mr. Bezos 16 times, and Mr. Jassy only twice. Mr. Jassy joins other big tech chief executives who have taken control of enormous businesses from idiosyncratic founders at difficult moments.
Persons: Andy Jassy, Jeff Bezos, Bezos, Jassy, ”, Sucharita Kodali Organizations: Federal Trade Commission, Amazon, Street, Forrester Research Locations: Washington
☆ Amazon CEO Andy Jassy warns employees of return-to-office mandate
  + stars: | 2023-08-29 | by ( Brian Fung | ) edition.cnn.com   time to read: +2 min
CNN —Amazon CEO Andy Jassy told employees to get on board with the company’s return-to-office plan or to consider employment elsewhere, the company confirmed to CNN, after a report by Insider highlighted Jassy’s remarks from a recent internal event. He also predicted that for those who could not accept the policy, their prospects for remaining at Amazon appeared grim. According to the remarks Amazon shared with CNN, Jassy responded by saying that the return-to-office policy was more the result of a judgment call based on an assessment of various factors including business results. The remarks also showed that Insider accurately reported Jassy’s predictions regarding employees who do not comply with the return-to-office mandate. Amazon’s signal to workers that it is tracking their attendance comes after more than 1,000 of its corporate employees staged a walkout in May to protest the office policy.
Persons: Andy Jassy, Jassy, Reddit, “ It’s, Jassy’s Organizations: CNN, Amazon
☆ Amazon Posts 11% Rise in Revenue as Growth Improves
  + stars: | 2023-08-03 | by ( David Streitfeld | More About David Streitfeld | ) www.nytimes.com   time to read: +1 min
July marked two years since Mr. Jassy took over as chief executive from Jeff Bezos, Amazon’s founder. Amazon flourished during the pandemic, supplying necessities and diversions to millions of suddenly grounded families, and made the reasonable assumption that the boom would last. One of Mr. Bezos’ last major actions before his departure was to add “Strive to be Earth’s best employer” to the company’s leadership principles. Amazon is so large, with over half a trillion dollars in annual revenue, that it is difficult to move the needle much. Then the AWS cloud division provided the torrid growth, and finally advertising pushed the numbers.
Persons: Jassy, Jeff Bezos, Bezos, ” Organizations: National Labor Relations, Amazon Locations: Staten Island
☆ Amazon is ‘investing heavily’ in the technology behind ChatGPT
  + stars: | 2023-04-13 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +4 min
CNN —Amazon wants investors to know it won’t be left behind in the latest Big Tech arms race over artificial intelligence. In a letter to shareholders Thursday, Amazon (AMZN) CEO Andy Jassy said the company is “investing heavily” in large language models (LLMs) and generative AI, the same technology that underpins ChatGPT and other similar AI chatbots. Since ChatGPT was released to the public in late November, Google (GOOG), Facebook (FB) and Microsoft (MSFT) have all talked up their growing focus on generative AI technology, which can create compelling essays, stories and visuals in response to user prompts. With that in mind, Amazon on Thursday unveiled a new service called Bedrock. It essentially makes foundation models (large models that are pre-trained on vast amounts of data) from AI21 Labs, Anthropic, Stability AI and Amazon accessible to clients via an API, Amazon said in a blog post.
☆ Here are the companies that have laid off employees this year
  + stars: | 2023-01-21 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +7 min
Tech firms went on a hiring spree. “Over the past two years we’ve seen periods of dramatic growth,” CEO Sundar Pichai said in an email to employees. The crypto brokerage announced in early January that it’s cutting 950 people – almost one in five employees in its workforce. Departments from human resources to the company’s Amazon (AMZN) Stores will be affected. They’re not in heavy people expansion mode every year,” CEO Andy Jassy said in a memo to employees.
☆ Amazon Needs to Become a Slower-Growth Wonder
  + stars: | 2023-01-05 | by ( Dan Gallagher | ) www.wsj.com   time to read: 1 min
Amazon’s share price peaked during CEO Andy Jassy’s first week on the job in July of 2021 and fell 50% in 2022. Andy Jassy ‘s first full year running Amazon has been one for the books—and not in a good way. A macroeconomic slowdown coming just as Amazon has been trying to absorb a major expansion of its fulfillment capacity has proved especially unfortunate for the e-commerce company. When it reports full results for 2022 later this month, Amazon is expected to show its first-ever year of percentage revenue growth in the single digits, while operating margins have fallen by more than half from the previous year.
☆ Amazon CEO explains thinking behind layoffs as unionized warehouse workers protest outside
  + stars: | 2022-11-30 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +5 min
Amazon, more than most tech companies, experienced a staggering pandemic boom as more customers shifted their spending online during the health crisis. Despite the landmark union victory in April, Amazon has so far refused to formally recognize the grassroots worker group known as the Amazon Labor Union, or come to the bargaining table. The company has aggressively pushed back against the workers’ victory through the National Labor Relations Board (NLRB). Jassy also emphasized that the last two Amazon union elections held resulted in workers voting not to unionize, and that Amazon prefers to have a direct relationship with fulfillment center workers rather than going through unions. Labor activist Chris Smalls joins members of the Amazon labor union and others for a protest outside of the New York Times DealBook Summit as Amazon's CEO, Andy Jassy, will be appearing on November 30, 2022 in New York City.
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