Amazon's CEO: Come back to the office or else
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Amazon.com (NASDAQ:AMZN) head honcho Andy Jassyâs fed up.
The chief executive officer told employees itâs past time to return to the office, Business Insider reported, citing a recording of a meeting from earlier this month.
"It's past the time to disagree and commit," he said. "And if you can't disagree and commit, I also understand that, but it's probably not going to work out for you at Amazon because we are going back to the office at least three days a week, and it's not right for all of our teammates to be in three days a week and for people to refuse to do so."
Amazonâs (AMZN) three-day a week policy went into effect in May and prompted protests outside the companyâs Seattle headquarters, the Associated Press reported.
Earlier this month, The Guardian reported that the companyâs workers in the U.S. were being tracked and penalized for not spending sufficient time in the companyâs offices.
Stellar results
The e-commerce retailer reported better-than-expected earnings for the second quarter, with total revenue in North America in Q2 of $82.55B vs. the $79.68B consensus. Net sales increased 11% to $134.4B, compared with $121.2B in the second quarter of 2022.
The cloud business was better than expected as AWS revenue came in at $22.14B vs. $21.74B consensus.
Net income was $6.7B, or $0.65 per diluted share, compared with a net loss of $2B, or $0.20 per diluted share, a year earlier.
Shares of the company are up more than 56% in 2023.

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