Amazon now requires employees to spend at least three days a week in the office for promotions, stating that this aligns with growth expectations.
Amazon Layoffs: While announcing 9,000 job cuts, CEO Andy Jassy stated that the decision was based on ongoing priority analysis and economic uncertainty in an online note to employees.
Amazon layoffs: Amazon CEO Andy Jassy acknowledged that some of the actions, like firing 27,000 employees, are tough, but the decision will be good for the business.
Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic.
Seattle-based Amazon.com Inc. announced that Bezos was stepping down as CEO in February, but didn't provide a specific date.
The announcement regarding Jeff Bezos's stepping down came as Amazon released its financial results for its fourth quarter that ended December 31, 2020.
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