Amazon to require 5 days/week in office come Jan 2

Investment Analysis Clubs Macro Economic Trends and Risks
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{{ Moves such as Amazon’s come with consequences, said Prithwiraj Choudhury, a Harvard Business School professor who studies remote work. Choudhury said research has shown that when companies roll back flexible work policies, they often lose top performers, diverse workers and job candidates. It is also often a way for companies to lower their head count without layoffs.

“This seems to be a step back in time,” he said. “It’s regressive leadership.” }}

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Absolutely! If I’m currently at home 3 days/week, I’d probably need at least a 40% pay boost to show up in the office 5 days/week.

intercst

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Management always reverts to Theory X.

Steve

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This is one way of reducing workforce. They also announced they need to reduce managers by 15%. So some folks can go back to being individual contributors but mostly they are cutting 15% managers. They are laying off people but they don’t want the market to get spooked so they are painting it as efficiency drive.

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I can’t stand shopping on Amazon anymore. It is all banner ads and sponsored links.

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There are sponsored links everywhere, not just on Amazon. I usually just jump to the fifth page of search results to find what I need.

intercst

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Might be the wrong time to do this. They overhired at first in 2022 to 2023. Amazon will find themselves hiring in early 2025.

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I don’t think so. Amazon, specifically Andy Jazzy has to deliver profits to drive stock price.

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Interest rates are coming down. The US real GDP growth is set to take off.

Also the top bracket and corporate taxes will be geared towards much faster GDP growth.

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Over the years, I noticed that a stock tended to go up, if management announced a big RIF.

Steve

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The difference is AMZN is a growth story. If they are doing RIF then the growth is faltering.