Latest news with #AMZN
Yahoo
13 hours ago
- Business
- Yahoo
Amazon Forces Remote Staff To Relocate
Amazon (NASDAQ:AMZN) is forcing thousands of corporate staff to relocate closer to their teamsoften across the countrywith tight deadlines or risk losing their jobs. Bloomberg reports that teams are being told in one-on-ones and town halls to move to hubs like Seattle, Arlington, VA, or Washington, DC. Employees have 30 days to decide and 60 days to either start the move or resign, without severance. Warning! GuruFocus has detected 2 Warning Sign with AMZN. Amazon says this hub strategy has been rolling out for over a year to boost collaboration, but many roles hired as fully remote during the pandemic are now on the chopping block. This comes after CEO Andy Jassy ended remote-first policies and amid broader cost cuts and warnings that AI will shrink headcount. After years of remote-work flexibility, this hard pivot tests Amazon's ability to retain top talent and maintain morale. Tight relocation windows and no-severance clauses could spur resignations, complicating hiring in a competitive tech labor market already jittery about layoffs. Watch for turnover spikes in affected teams and whether Amazon adjusts deadlines or support packages. How smoothly this transition goes will shape the company's post-pandemic workplace modeland signal how far tech giants will go to centralize their workforce. This article first appeared on GuruFocus.
Yahoo
13 hours ago
- Business
- Yahoo
Fed Chair Jerome Powell To Wait On Rate Cuts
The Fed hit pause on interest?rate moves at 4.25% to 4.50% and made it clear they're in no rush to cutespecially with tariff shocks and a surprisingly sturdy jobs market still hanging over the here's the scoop from Jerome Powell's post?meeting chat: the Fed's happy sitting tight, watching how steel and auto tariffs ripple through prices. He admitted duties will nudge inflation higher, but just how big or lasting that bump will be? Honestly, we don't know yet, he said. Meanwhile, hiring has cooled off a bitmostly because fewer folks are entering the workforcebut layoffs? Still pretty rare. All in all, the jobs scene looks pretty good, Powell shrugged. Warning! GuruFocus has detected 2 Warning Sign with AMZN. On the inflation front, prices have eased from their peak but haven't quite hit that comfy 2% target. Long-run expectations haven't budged, which is what the Fed wants to see. Despite nodding toward two quarter-point rate cuts next year, Powell stressed we're unlikely to get them before fall. In fact, they've even nudged up their forecast for the ultimate neutral rate to 3.4% by 2027 (up from 3.1%).If you're hoping for an early rate cut, you may need to wait. Powell's we'll see how the data looks this summer stance means every CPI report or tariff update could swing their thinking. Investors and borrowers alike will be watching that consumer?price index and any news on duties like hawks at a falconry a summer full of datawatchingespecially price?index updates and trade news. If inflation stays sticky or new tariffs bite harder than expected, those cuts could move even further out. Otherwise, the Fed's patience playbook stays in force for now. This article first appeared on GuruFocus.
Yahoo
13 hours ago
- Business
- Yahoo
Amazon Forces Remote Staff To Relocate
Amazon (NASDAQ:AMZN) is forcing thousands of corporate staff to relocate closer to their teamsoften across the countrywith tight deadlines or risk losing their jobs. Bloomberg reports that teams are being told in one-on-ones and town halls to move to hubs like Seattle, Arlington, VA, or Washington, DC. Employees have 30 days to decide and 60 days to either start the move or resign, without severance. Warning! GuruFocus has detected 2 Warning Sign with AMZN. Amazon says this hub strategy has been rolling out for over a year to boost collaboration, but many roles hired as fully remote during the pandemic are now on the chopping block. This comes after CEO Andy Jassy ended remote-first policies and amid broader cost cuts and warnings that AI will shrink headcount. After years of remote-work flexibility, this hard pivot tests Amazon's ability to retain top talent and maintain morale. Tight relocation windows and no-severance clauses could spur resignations, complicating hiring in a competitive tech labor market already jittery about layoffs. Watch for turnover spikes in affected teams and whether Amazon adjusts deadlines or support packages. How smoothly this transition goes will shape the company's post-pandemic workplace modeland signal how far tech giants will go to centralize their workforce. This article first appeared on GuruFocus.
Globe and Mail
15 hours ago
- Automotive
- Globe and Mail
'High End Computers on Wheels': Amazon (NASDAQ:AMZN) Ramps Up Zoox Production
The move to get cars out on the streets that drive themselves—whether in our garages or serving as the connection between humans and ride-sharing programs—is only ramping up. And online retail giant Amazon (AMZN) is right in the thick of it as its Zoox arm is stepping up production ahead of a formal launch in Las Vegas later this year. As big a deal technologically as this is, Amazon shareholders were oddly tepid about it all, giving Amazon shares a fractional boost in Wednesday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Zoox just opened a new manufacturing operation in the San Francisco Bay Area—a site in Hayward, California, reports noted—to start stepping up its production. Right now, Zoox makes just one robotaxi per day, but as the launch gets closer, that number will increase substantially. In fact, reports suggest, by the time the operation reaches full scale, it will produce in about 20 minutes what it currently produces in a day, reaching a total rate of about 10,000 robotaxis per year. Of course, this low production rate is not much of a problem, notes Aicha Evans, Zoox CEO. Zoox is not actually selling these cars, but making them for internal use. In fact, Evans noted, the cars were essentially '… high-end computers on wheels.' The vehicles, shaped like toasters, reportedly have no steering wheel, and riders face each other almost like a stagecoach, or 'carriage-style' vehicle would work. A Page Out of the Good Book Meanwhile, Amazon's streaming aspirations continue along, as new reports suggest that Amazon is once again turning to religion for inspiration. Currently working with Dallas Jenkins of The Chosen, Amazon is now starting work on a series that focuses on Joseph, former second-in-command of all Egypt, who you might best remember for having a really colorful coat. The series, dubbed Joseph of Egypt, will be executive produced by Jenkins, with Craig Wright handling writing as well as executive production duties. Amazon Prime is also currently running House of David, reports note, which started in February and got a second season shortly after. Release dates for Joseph of Egypt, meanwhile, are not yet known. Is Amazon a Good Long-Term Investment? Turning to Wall Street, analysts have a Strong Buy consensus rating on AMZN stock based on 46 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 15.43% rally in its share price over the past year, the average AMZN price target of $241.64 per share implies 12.16% upside potential. See more AMZN analyst ratings Disclosure
Yahoo
15 hours ago
- Business
- Yahoo
Amazon Launches Longest Prime Day Ever -- Can It Spark a Sales Boom?
June 19 - Amazon (NASDAQ:AMZN) announced that its Prime Day event will span four days from July 8 at 12:01 a.m. PT through July 11. The annual sale, launched in 2015 and extended to two days in 2019, set records last year for sales and items sold. Warning! GuruFocus has detected 2 Warning Sign with AMZN. The company introduced Today's Big Deals, themed daily drops starting at midnight PT, offering discounts on brands such as Samsung, Kiehl's and Levi's, potentially as often as every five minutes during select periods. Prime Big Deal Days in October will continue alongside this summer event. Analysts say extending Prime Day can help sustain subscriber engagement and boost AWS usage around promotional periods, though competitive pressures and supply-chain constraints remain factors to watch. The longer event underscores Amazon's push to leverage its logistics and cloud platforms to support retail growth and capture shifting consumer demand, especially as AI-driven services increase computing needs. In my opinion, extending Prime Day to four days could boost engagement and sales but risks consumer fatigue and margin pressure. Success depends on supply-chain resilience and competitive response. If logistics hold, the expanded format may modestly lift revenue, though outcomes remain uncertain. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
