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Amazon wants employees to return to ‘main hubs’: report

Clyde Edgerton by Clyde Edgerton
July 21, 2023
in Markets
Amazon wants employees to return to ‘main hubs’: report
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Amazon.com Inc.
AMZN,
+0.03%
has warned employees that they may have to move to the company’s main offices in larger cities, the Wall Street Journal reported Friday, citing people characterized as familiar with the matter. Amazon managers reportedly are telling employees at smaller offices about the possibility of required relocations to “main hubs,” such as the Seattle headquarters and the New York and San Francisco offices, the newspaper said. The number of employees that may be affected by the change is unclear, according to the report. Amazon’s stock has gained 55% so far this year, compared with an advance of around 18% for the S&P 500 index
SPX,
+0.03%.

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