Evercore ISI Senior Managing Director Mark Mahaney has expressed high interest in top stock picks to include Meta, Uber, and Doordash. However, Amazon employees face potential consequences for not adhering to the company’s return-to-office mandate, specifically regarding promotions. Amazon’s leadership introduced a new requirement in which employees must be in the office at least three times per week for consideration of promotions, effective May 1st. A worker’s promotion readiness is evaluated based on compliance with the office attendance requirement, subject to additional leadership approval.
The new policy has sparked employee pushback, with protests and a petition signed by over 30,000 employees earlier this spring that management eventually rejected. Amazon CEO Andy Jassy announced the mandatory office return in February, citing the company’s review of past work arrangements during the pandemic as the reason. However, Jassy has allowed for limited exceptions to the mandate, as was the case with the company’s previous policy before the pandemic. The e-commerce giant employs over 1.46 million people worldwide and operates offices across various locations. This stance on remote working and its effect on promotions is an ongoing matter that Amazon continues to monitor. In light of the resistance, Amazon will consider employees’ requests for exception to work remotely, emphasizing that such cases are reviewed individually, echoing the evaluating factors referenced in Mahaney’s stock picks.
