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The Latest Breaking News from Andy Jassy

Amazon Leads Dow Jones Stocks After Stellar Earnings Report

Amazon stock is higher Friday after the e-commerce and cloud giant reported strong Q3 earnings and Wall Street sees even more upside ahead. Here's why.

Kiplinger

Amazon, IBD Stock of The Day, Jumps 6% As Earnings Beat Eases Investor Fears

Amazon stock is surging Friday after its Q3 results helped ease investor concerns about operating margins for the tech giant.

Investors Business Daily

AI push sees AWS results hit new high as cloud demand soars

Amazon’s Q3 revenue is up 11% thanks to a 19% growth in its cloud division, which accounts for nearly a fifth of total company revenue.

TechRadar

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Amazon's $110 billion cloud business is sporting record profits even amid the expensive the Gen AI arms race

CEO Andy Jassy acknowledged that Amazon must sacrifice short-term profits by spending heavily on AI infrastructure that may pay off big later.

Fortune

Distraught Amazon employees send AWS chief open letter against RTO policy, calling it an ‘outright abdication’ of its role as industry leader

Hundreds of employees criticized Amazon’s leadership for making a gut decision rather than a data-driven one.

Fortune

Hundreds of Amazon employees petition CEO to reverse return-to-office policy

Amazon’s cloud workers have been told to return to the office full-time, but a petition is being put forward to stop that.

TechRadar

Tech Executives Seek Audience With Trump Ahead Of Election

Top tech executives engage with Trump ahead of Election Day, signaling potential support. Trump's interactions with CEOs like Tim Cook, Sundar Pichai, and ...

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Amazon exec says 9 out of 10 workers are happy with the company’s RTO mandate

Despite Matt Garman's assessment that most workers are raring to return to their desks, studies suggest that many will be disgruntled and take up his offer to quit.

Fortune

Amazon boss has a brutal response to staffers who don’t like 5-day RTO mandate: Leave

Amazon CEO Andy Jassy has told staff to be in the office five days a week, with AWS CEO Matt Garman saying staff should leave if they don’t like it.

Fortune

Amazon Exec Says 9 Out Of 10 Workers Happy With RTO Policy, Tells Critics To Quit Since 'There Are Other Companies Around'

Amazon's new 5-day in-office policy has sparked widespread backlash from employees. Many argue it's unnecessary and time-consuming.

International Business Times UK

Amazon Sets Third Quarter Earnings Date. Why Its Starlink Competitor Will Be In Focus.

Amazon stock analysts have been debating what Amazon's Project Kuiper satellite internet ambitions will mean for its profitability push.

Investors Business Daily

Former Amazon and Flexport leader Dave Clark has raised $100 million to bet on himself

The former CEO of Amazon’s consumer business has founded Auger, an AI-powered startup aiming to build a modern supply-chain OS.

Fortune

Amazon Has Over 1.5M Employees But Around 14,000 May Be Cut: What Is Going On?

According to Morgan Stanley, Amazon could save billions by cutting 14,000 managers. The company has already laid off thousands of employees this year.

International Business Times UK

Online Holiday Shopping Could Set Record. Amazon, Walmart Are Kicking Things Off Early.

Analysts expect U.S. holiday online shopping will start early and come in strong.

Investors Business Daily

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Fortune

Leaked: Whole Foods CEO tells staff he wants to turn Amazon’s RTO mandate into more ‘carrot’ than ‘stick’

Employees of the Amazon-owned grocery subsidiary submitted more than 1,200 questions about the controversial five-day return-to-office policy ahead of a special all-staff meeting.

Fortune

Amazon’s RTO charge is just layoffs in disguise, experts say

The tech mammoth’s RTO push is wildly unpopular—and that could be exactly what it wants.

Fortune

Microsoft VP tells staff there won’t be an Amazon-style return to office

The software and cloud-computing giant currently allows employees remotely, with many new hires promised the flexibility of working from home at least half the time. But that isn’t written in stone.

Fortune

Amazon's 5-day in-office mandate pushes 73% of surveyed staffers to consider quitting

The majority of corporate Amazon employees told anonymous job review site Blind that they’re not happy with the RTO mandate and are looking for new jobs—or know someone on their team who is.

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Fortune

Angry Amazon employees are 'rage applying' for new jobs after Andy Jassy's RTO mandate

Amazon told employees they were required to return to office five days a week.

International Business Times UK

Amazon-owned Twitch Allegedly Not Following Amazon's RTO Policy—Here's Why

Amazon's recent RTO mandate will not apply to Twitch, highlighting the challenges of implementing consistent policies across a large corporation.

Investors Business Daily

Adobe Projects Record Holiday For E-Commerce. Amazon, Walmart Are Racing To Offer Early Deals.

Adobe projects e-commerce holiday sales growth will accelerate, helped by the type discounts from the likes of Amazon and Walmart.

Fortune

'Strongly dissatisfied': Amazon employees plead for reversal of 5-day RTO mandate in anonymous survey

A new Amazon corporate employee survey seeks feedback on the impact a five-day in-office workweek will have on the personal and professional lives.

Fortune

Amazon RTO leaves working moms behind

Amazon mandated that all employees soon return to the office five days a week.

Fortune

Amazon Prime is now a perk for warehouse employees, but not corporate

The $139 Prime membership is now available for full-time, part-time, and reduced-time front-line workers.

Fortune

Amazon’s new RTO mandate is 'a triumph of traditional management over innovative management,' says former Google exec

Companies failed to execute hybrid work well, which leads to Silicon Valley going back to tradition

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