Amazon CEO Andy Jassy recently told employees that those who do not want to return to the office at least three days a week should consider finding employment elsewhere. According to a recording obtained by Insider, Jassy stated “It’s past the time to disagree and commit,” adding that if employees cannot commit to the new hybrid work model, “it’s probably not going to work out for you at Amazon.” He characterized the decision to have employees return to the office part-time as a “judgment call.” Notably, Jassy said employees are free to leave if they do not want to comply with the hybrid work requirement. This makes clear that Amazon has not changed its stance on returning to office work despite some employees preferring full remote arrangements.
Hilarious that the company that pioneered cloud solutions and made working from home for a ton of people ridiculously easier decides that their employees don’t deserve to work from home. Something something corporate office real estate crisis.
If we’ve learned anything from recent real estate crises, it’s that once again, the losses will be socialized, with golden parachutes aplenty.
Reminds me of how I read awhile back that commercial mortgage-backed securities are pretty prevalent in today’s major investment portfolios. This more recent article reads to me like, “don’t panic, everything is fine, nothing to worry about here”
Wait until you hear about Zoom: https://www.businessinsider.com/zoom-ceo-employees-return-to-office-2023-8?op=1
Tbf this is the same guy that absolutely raked his own company’s flagship software over the coals while telling them it’s time to come back to the office