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☆ Read the memo Amazon's HR chief sent rejecting employees' petition against the new return-to-office policy
  + stars: | 2023-03-24 | by ( Eugene Kim | Lakshmi Varanasi | ) www.businessinsider.com   time to read: +3 min
Amazon's HR chief formally rejected an internal petition asking Amazon to reverse its return-to-office policy. Read the full text of Galetti's message to employees below. The petition, which was shared with CEO Andy Jassy's leadership team last week according to Galetti's note, was signed by roughly 30,000 employees. Employees shared messages of disappointment on the company's Slack channel following Galetti's announcement. Read the full text of Galetti's message below:Hello all –Andy's team shared your note last week, and I wanted to take a moment to follow up directly.
☆ In a leaked message, Amazon's HR chief flatly rejected an internal petition against the new return-to-office policy signed by roughly 30,000 employees
  + stars: | 2023-03-23 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +5 min
Top HR executive Beth Galettie denied an internal petition asking Amazon to reverse its new return-to-office policy. Roughly 30,000 Amazon employees signed the petition protesting the new RTO mandate. Amazon's top HR executive formally rejected an internal petition put forth by roughly 30,000 employees over the company's new return-to-office policy. Galetti's message was in response to an internal petition signed by roughly 30,000 Amazon employees that followed the RTO mandate announcement last month. In the petition, Amazon employees argued, citing research, that remote work improved productivity, recruitment, work/life balance, inclusion efforts and reduced corporate expenses.
☆ Amazon and Meta's 48,000 job cuts usher in Big Tech's new mantra: Revenue per employee
  + stars: | 2023-03-21 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
Amazon and Meta say their combined 48,000 job losses are about getting leaner. All told, the two firms have cut 48,000 jobs across two waves of layoffs in less than six months. Discussing Twitter's remaking under new owner Elon Musk, Rabois noted that Musk is "steering hard" in terms of revenue per employee. A 2009 analysis of Big Tech's performance found Google's revenue per employee was over $1 million, the highest of all tech firms. Management experts say that cuts make workers jittery, weakening their productivity and firms' ability to bring in new talent.
☆ Leaked document shows Amazon's flawed job-posting process led to 'over-hiring,' with one team listing 3 times more openings than approved for
  + stars: | 2023-03-21 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +6 min
Amazon lacked internal oversight and governance in listing job posts, leading to over hiring, according to an internal document. That means the utility computing team had over 3-times more job postings than the headcount target at the time. The document points to Amazon's lack of standardization and governance for the gap between the job postings and open headcount. "This enabled over-hiring in certain cost centers and contributed to span of control and level ratio defects," the internal document said. This person said Amazon's lack of oversight in job postings and the related hiring process caused "over-hiring issues" and leaders trying to "squeeze people in where they could."
☆ Amazon is laying off another 9,000 employees — read the email CEO Andy Jassy sent to staff
  + stars: | 2023-03-20 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +8 min
Amazon is laying off another 9,000 employees. CEO Andy Jassy said the additional cuts weren't announced sooner because some teams hadn't finished their cost-cutting analysis. The layoffs will come on top of the cuts to 18,000 positions that the company disclosed in January. It also "led to new openings where we don't have the right skills match from our existing team members," Jassy wrote. The company is planning to conduct "limited hiring" in areas it is focusing on, he said.
☆ Silicon Valley Bank depositors are saved at the last minute
  + stars: | 2023-03-13 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +4 min
By now, you've probably heard a lot about the sudden, bank run-driven collapse of Silicon Valley Bank, one of the tech industry's most stalwart and trusted institutions. Tech startups say they can't access their cash deposited in Silicon Valley Bank. Before the FDIC stepped in to save the day (for depositors, anyway), the collapse of Silicon Valley Bank sparked fear, uncertainty, and panic as startups suddenly lost access to whatever cash they had stashed there. Here's the latest from Insider on the Silicon Valley Bank meltdown:Read more about the financial panic that swept Silicon Valley over the weekend here. Can Silicon Valley succeed where the CDC failed?
☆ The tech world is thrown into chaos as Silicon Valley loses faith in its go-to bank
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Investors are sinking millions into startups like MARZ and Runway to bring AI tech to film and TV.
☆ Elemy is ditching autism care to sell healthcare software instead.
  + stars: | 2023-03-10 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
At the time of the email, Musk was battling a cave rescue diver who was suing him for defamation. Before grabbing some ice cream — I'll probably get cookies and cream — let's dive into today's tech. The tech world was thrown into chaos as Silicon Valley lost faith in its go-to bank, SVB Financial. If startups are worried the bank can't give them all their money back, then they might pull their accounts. Email dsiu@insider.com or tweet @diamondnagasiu) Edited by Matt Weinberger (tweet @gamoid) in San Francisco and Hallam Bullock (tweet @hallam_bullock) in London.
☆ Almost 30,000 Amazon employees have signed an internal petition to fight the company's return-to-office mandate. Read the full copy here.
  + stars: | 2023-03-10 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +15 min
New mandate requires most office workers to come into the office at least 3 times a week starting in May. About 3 weeks since the announcement of the new policy, more than 29,200 Amazon employees have signed an internal petition opposing the mandate. Roughly 30,000 Amazon employees have joined that Slack channel, which was created shortly after the RTO announcement. In the petition, Amazon employees added internal data supporting continued remote work and dozens of comments explaining why they oppose the change. A 2013 Stanford University study of Chinese workers found that remote workers are 13% more productive than their in-office counterparts.
☆ Employees think going into the office is a 'complete waste of time and money,' CEO says
  + stars: | 2023-03-08 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +3 min
The CEO of a flexible office company told CNBC that employees don't want to go back to the office. He said that employees see traditional offices as a "complete waste of time and money." ​​"There's this assumption that people like commuting into a central business district," Mark Dixon, CEO of flexible office company IWG, told CNBC. After laying off thousands of workers earlier this year, the tech company has paused construction on its second headquarters in Virginia. He told CNBC that he envisions offices working like "a network of petrol stations," affording workers the opportunity to work anywhere.
☆ Mark Zuckerberg is turning Facebook into Instagram as part of his self-declared “year of efficiency.”
  + stars: | 2023-03-01 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
He chatted with a woman who was locked out of her Apple account minutes after her iPhone was stolen. CEO Mark Zuckerberg is structurally changing Facebook to mimic Instagram. The restructuring — which will likely include layoffs, as Insider reported — is part of Zuck's planned "year of efficiency." 8. iPhone users could soon send iMessages through PCs. These are the best MagSafe battery packs for iPhone users.
☆ Amazon Employees Will Be Able to Use Stock as Collateral for Home Loans
  + stars: | 2023-02-28 | by ( Dana Mattioli | ) www.wsj.com   time to read: 1 min
Amazon historically has given less cash compensation to employees than its big-tech peers, and tried to make up the difference with restricted stock units. Amazon .com Inc. employees will soon be able to use their company shares as collateral when buying homes, under an arrangement with online mortgage lender Better.com. A new Better.com product, Equity Unlocker, will allow employees to pledge stock for loans for down payments, the companies said, rather than having to sell the stock to raise cash.
☆ Hundreds of Amazon employees join a new Slack channel to support the company's return-to-office policy after 'sensing the danger' of others calling for permanent remote work
  + stars: | 2023-02-28 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +5 min
Some Amazon staff created a new Slack channel to support the company's new return-to-office mandate. The move came after thousands of employees joined a separate Slack channel opposing the RTO plan. Amazon employees are showing far more support for the Slack channel that opposes the new RTO policy. Hundreds of Amazon employees joined a new Slack channel last week that supports the company's new return-to-office policy, Insider has learned — just days after a much larger group of staff rushed to a separate Slack channel that's fighting against the RTO mandate. Still, remote work seems to have more support from Amazon employees, at least based on the number of people in each of the Slack channels.
☆ Amazon is trying to fix employee frustration over plunging pay by letting them pledge stock for home loans in a deal with Better
  + stars: | 2023-02-28 | by ( Sindhu Sundar | ) www.businessinsider.com   time to read: +3 min
Amazon employees, even those who have left, can pledge their stock as collateral for home mortgages. Under the new program, Amazon employees will be able to use their vested stock as collateral in the home-buying process, Better said in a statement on Tuesday. The company's stock price hovered around $93.50 on Tuesday morning — a drop from more than $150 a year ago. The home loan benefit applies to both "current and former Amazon employees with vested equity in Amazon," per Better's statement. Amazon employees have flagged concerns about the company's compensation packages trailing those of its Big Tech peers.
☆ Ex-Amazon managers say they were pressured to cut successful workers to meet attrition goals — and faced retribution when they resisted
  + stars: | 2023-02-27 | by ( Shana Lebowitz | ) www.businessinsider.com   time to read: +17 min
Former Amazon managers say they were pressured to cut successful workers to meet attrition goals. In anticipation of Amazon's performance-review period, he told Insider, he'd kept careful notes on what his employees were doing well and where they could improve. These people said leadership would place employees in Focus even if the managers of those employees said that the workers had met or exceeded expectations. A few weeks later, he said, his manager told him he was on Pivot and had the option to leave the company with severance, which he did. Amazon managers are required to submit their performance ratings for employees in an online tool, then discuss their rationale with managers above them, he said.
☆ Amazon employees protests sudden return-to-office policy
  + stars: | 2023-02-22 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon employees protests sudden return-to-office policyCNBC's Annie Palmer joins 'The Exchange' to discuss Amazon's new return to office policy, which has drawn protests from employees.
☆ Amazon employees push CEO Andy Jassy to drop return-to-office mandate
  + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com   time to read: +4 min
A group of Amazon employees is urging CEO Andy Jassy to reconsider a recent return-to-office mandate. Last week, Jassy announced Amazon would require corporate staffers to spent at least three days a week in the office beginning May 1. Staffers on Friday created a Slack channel to advocate for remote work and share their concerns about the new return to work policy, according to screenshots viewed by CNBC. Amazon hasn't addressed whether remote employees will be asked to relocate, beyond Jassy noting that there will be "a small minority" of exceptions to the new policy. WATCH: Andy Jassy on the benefits of remote work
☆ Amazon's internal Slack channel blows up after employees are told to return to office. Now they're creating a petition to fight back.
  + stars: | 2023-02-21 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +7 min
Within hours of Friday's announcement, over 5,000 Amazon employees joined the new Slack channel, called "Remote Advocacy," according to screenshots seen by Insider. The channel was created "to advocate for remote work at Amazon" and seeks "data, anecdotes, articles about the benefits of remote work," it said. 'Absolute chaos'Several Amazon employees in the Slack channel expressed frustration, confusion, and anger. An impromptu survey within the Slack channel showed almost 80% of respondents saying they'll look for another job because of this change. In the Slack channel, employees are putting together a petition to push back against the return-to-office mandate.
☆ Amazon employees express dismay, anger about sudden return-to-office policy
  + stars: | 2023-02-21 | by ( Annie Palmer | ) www.cnbc.com   time to read: +4 min
Amazon employees on Tuesday continued to sound off about CEO Andy Jassy's recently announced return-to-office mandate, including spamming an internal website with messages conveying their opposition to the new policy. The petition urges Jassy and Amazon's leadership team, known as the S-team, to drop the mandate, just days after it was announced. The group has since amassed 16,000 members, and about 5,000 employees have signed the petition as of Tuesday night. "By arbitrarily forcing return-to-office without providing data to support it and despite clear evidence that it is the wrong decision for employees, Amazon has failed its role as earth's best employer," according to screenshots viewed by CNBC. Last week, Jassy acknowledged that calling employees back to the office would come with some challenges.
☆ Leaked messages show a high-profile Amazon VP trying to calm employees over the return-to-office mandate: 'Let's not grab our torches and pitchforks quite yet'
  + stars: | 2023-02-21 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +3 min
Paul Vixie, a high-profile Amazon VP, told employees to be patient and wait for more details about the new return-to-office mandate. Amazon employees are furious about the new mandate which requires them to be in the office three days a week starting in May. A high-profile Amazon executive joined an internal Slack conversation on Tuesday as employee angst over the sudden return-to-office mandate intensified. It also shows how Amazon's return-to-office mandate was not widely shared even among the highest-ranked employees prior to its announcement on Friday. Many employees in the Slack channel expressed frustration over the abruptness and vagueness of Jassy's announcement.
☆ Amazon will require corporate employees to work in the office at least three days per week starting in May
  + stars: | 2023-02-17 | by ( Aaron Mcdade | ) www.businessinsider.com   time to read: +3 min
Amazon employees will need to be back in offices at least three days per week starting in May. Amazon CEO Andy Jassy announced the change to corporate employees on Friday. "We don't have a plan to require people to come back," he said at the event, per CNBC. Several of the other largest companies in the US like Google and Disney have announced policies in recent months to require employees spend at least some time in offices, with varying degrees of success. Over 2,000 Disney employees have reportedly signed a petition urging CEO Bob Iger to reconsider the policy that would require employees to spend at least four days per week in offices.
☆ Amazon pledged to be Earth's Best Employer. Employees say it's just a 'marketing gimmick' as executives perpetuate the same toxic work culture.
  + stars: | 2023-02-16 | by ( Eugene Kim | ) www.businessinsider.com   time to read: +10 min
The company even added the slogan "Strive to be Earth's Best Employer" to its set of 16 leadership principles it religiously follows. But 18 months into the launch, employees say the Earth's Best Employer project is off to a bad start. He added that the Earth's Best Employer initiative should focus on creating a meritocracy and long-term goals for the company. For many Amazon employees, the lack of transparency during last month's layoffs seemed to contradict the company's best employer credo. As the economy worsens, some employees believe Amazon's Earth's Best Employer initiative was all just a "marketing gimmick."
☆ Amazon's pledge to become 'Earth's Best Employer' is failing.
  + stars: | 2023-02-16 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +5 min
I get a lot of satisfaction out of what I do, but I'd love to work for the world's best employer. What would the best employer in the world look like? While we ponder these imponderables, I can tell you that it's probably not Amazon — despite its flashy 2021 pledge to become "Earth's Best Employer." Amazon is fumbling its "Earth's Best Employer" pledge. CEO Andy Jassy even once admitted that the definition of Earth's Best Employer is "subjective."
☆ Amazon CEO says ChatGPT is 'exciting,' but that Amazon has been working on similar tech for a long time
  + stars: | 2023-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +4 min
Amazon's CEO Andy Jassy said generative AI like ChatGPT presents "exciting" possibilities. He told the Financial Times that Amazon has been working on generative AI for a long time. Amazon company supporters are worried the company is falling behind in this area, per the FT.Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. "I think it's exciting, what's possible with generative AI," Jassy told the FT. "And it's part of what you're seeing with models like ChatGPT. But most large, deeply technical companies like ours, have been working on these very large, generative AI models themselves for a long time."
☆ ChatGPT may be coming for our jobs. Here are the 10 roles that AI is most likely to replace.
  + stars: | 2023-02-02 | by ( Aaron Mok | Jacob Zinkula | ) www.businessinsider.com   time to read: +3 min
Experts say ChatGPT and related AI could threaten some jobs, particularly white-collar ones. Since its release in November of last year, the impressive AI chatbot has been used to write cover letters, create a children's book, and even help students cheat on their essays. But despite its flaws, the rise of ChatGPT has sparked debates over whether it will replace jobs. Insider talked to experts and conducted research to compile a list of jobs that are at highest-risk for replacement by AI. Here are the 10 jobs that AI may replace, based on our research.
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