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The Latest Breaking News from Andy Jassy

Amazon's hundreds of reported job cuts show the tech giant bit off more than it could chew with streaming and movies

Amazon cuts jobs in its entertainment divisions as it undergoes a reckoning with its media business.

Fortune

Amazon ended 2022 on a high note as it sheds thousands of employees

Amazon announced its Q4 2022 financial earnings, beating expectations and putting a fairly positive spin on a challenging economic period.

Android Central

Britain’s richest businesswoman—who earns more than Sundar Pichai—sees salary rise to $280M

The filing reveals the businesswoman is paid more than the prime minister of Britain.

Fortune

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2024 will be the ‘year of AI’ as tech stocks surge by (at least) 25%, top tech analyst Dan Ives predicts

A Wedbush AI survey shows Wall Street is “significantly underestimating how quickly this AI monetization cycle is playing out,” according to Ives.

Fortune

Walmart customers behaving so strangely it's making bosses ‘sit up in their chairs’

Walmart CFO John David Rainey said the spending for the last two weeks of October was particularly "puzzling" when compared to prior months.

Fortune

Jeff Bezos moved from Seattle to Miami—and he could take some of Amazon with him

Amazon is reportedly looking for office space in the city.

Fortune

Amazon ‘blocks promotions’ for staff who do not return to office three days a week

The company’s back-to-office push was announced in February this year

The Independent UK

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CEOs say remote work is a disaster for productivity. Goldman’s chief economist says that can't explain the last 15 years

An NYU economics professor shocked the profession by arguing that “total factor productivity” is linear, not exponential. Jan Hatzius says he's got a point.

Fortune

Amazon's big Bedrock bet

Amazon is developing its own generative AI model, but its AWS cloud business is betting that customers want to experiment with a mix of different models.

Fortune

Amazon Stock Pops After Q3 Beat: Here’s Why It's Still a Strong Buy

Amazon stock is trading higher today after posting better-than-expected Q3 earnings. Here are the key takeaways from the report, and why AMZN is still a good buy.

Barchart

Amazon managers can now sack employees who won’t work from the office 3 days a week

“Continued non-compliance” with the tech giant’s return-to-office mandate could land employees in hot water, according to Amazon’s new management guidelines.

Fortune

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

LVMH CEO Bernard Arnault has seen his wealth overtaken by that of Amazon founder Jeff Bezos.

Fortune

Apple CEO Tim Cook got a $41 million payday after massive stock sale, as the iPhone maker’s shares creep down from summer highs

Apple CEO Tim Cook had a multi-million pound payday as he vested awards as part of his compensation package.

Fortune

Amazon’s return to office rule could take 3 years to become a reality, says senior exec: ‘It hasn’t been perfect.’

Amazon CEO Andy Jassy has been tough with his return to office mandate—senior exec Peter DeSantis had a more compromising tone.

Fortune

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Fortune

Bill Ackman has employees in the office five days a week but makes an intriguing remote work concession

The hedge fund billionaire does allow remote work, just not all year.

Barchart

2 AI Stocks to Transform Your Portfolio

The AI sector is set for explosive growth, and tech giants Amazon and Microsoft are leading the charge. Amazon's AWS harnesses AI for cloud solutions, while Microsoft integrates generative AI across its software suite, making both firms compelling investments.

Fortune

Dave Clark, the former Amazon exec who lost out to Andy Jassy, just quit his startup CEO role because the founder returned

“Founders have the right to change their minds,” Clark said in the surprise announcement that he was leaving Flexport.

Fortune

Amazon’s Andy Jassy shouldn’t make return-to-office decisions in an echo chamber of CEOs driven by feelings

It's a textbook example of confirmation bias–a cognitive bias where we look for information that confirms our beliefs and ignore information that doesn’t.

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The Independent UK

Amazon CEO sparks backlash for telling remote workers it’s ‘not going to work’ for them: ‘Big tech hypocrisy’

‘It’s past the time to disagree and commit,’ Amazon CEO says

Fortune

An software CEO worth $12 billion says he goes to the office ‘once a quarter,’ bucking Big Tech's return to office trend

Atlassian CEO Scott Farquhar says he hasn't seen a productivity change after letting employees work from home.

Fortune

Amazon CEO Andy Jassy has a brutal message to remote workers refusing to come back

Jassy reportedly told staff: "It's past the time to disagree and commit."

TechRadar

Amazon CEO slams remote workers, tells them to leave the company

Andy Jassy says Amazon employees unable or unwilling to return to the office should look for work elsewhere.

The Guardian - UK

‘Driverless cars are the hardest problem you could want to solve’ – Oxa’s Gavin Jackson

The head of the UK tech startup is as passionate about self-driving ‘autonomy’ as Elon Musk – but thinks it could be 20 years away

Fortune

Amazon’s sends email scolding employees for not coming to the office—even though they did

Amazon said the email was an oversight, but it still underscores the tech giant’s difficulty in getting its employees back to the office.

Barchart

The 2 Best AI Stocks to Buy in August

Some skeptics see a bubble forming in artificial intelligence, but there are still exciting opportunities to bet on future growth. Here's why Amazon and Nvidia are two AI stocks worth adding to your portfolio right now.

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