Aug 18, 2020 - Economy & Business

Amazon bucks remote work trend with office expansions in major cities

Photo: Lisa Werner / Contributor / Getty Images

Amazon is expanding its physical offices in six U.S. cities, adding 3,500 corporate jobs in New York, Phoenix, San Diego, Denver, Detroit and Dallas, The Wall Street Journal reports.

Why it matters: The tech giant is "making long-term plans around office work even as other companies embrace lasting remote employment." Amazon is currently allowing employees who can work remotely to do so until Jan. 8, 2021.

  • Amazon says the new builds aren't being motivated by any financial incentives from state or local governments.
  • The full expansion is set to take two years.

The other side: Major companies, including Facebook and Twitter, have begun shifts towards permanent remote work.

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Dan Primack, author of Pro Rata
Sep 17, 2020 - Podcasts

Amazon exec on company Climate Pledge Fund

Amazon on Thursday announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change.

Axios Re:Cap digs into how Amazon hopes the fund will help achieve its goal of being carbon neutral by 2040, and whether the plan is more substance than spin, with Matt Peterson, Amazon's director of new initiatives and corporate development.

Ben Geman, author of Generate
Sep 18, 2020 - Economy & Business

Why Amazon committed $2 billion to fund clean energy technology

Illustration: Sarah Grillo/Axios

Matt Peterson, a senior Amazon exec, joined the "Axios Re:Cap" podcast to explain the thinking behind the tech and commerce giant's climate venture capital fund, which rolled out its first investments on Thursday.

Why it matters: The fund, $2 billion to start, is beginning to invest on the heels of Amazon's late 2019 pledge to be net-zero emissions by 2040.

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Axios
Updated 34 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 4 p.m. ET: 30,873,714 — Total deaths: 958,383— Total recoveries: 21,103,559 — Map.
  2. U.S.: Total confirmed cases as of 4 p.m. ET: 6,788,343 — Total deaths: 199,421 — Total recoveries: 2,577,446 — Total tests: 94,211,463 — Map.
  3. Politics: Testing czar on Trump's CDC contradictions: "Everybody is right" — Ex-FDA chief: Career scientists won't be "easily cowed" by political vaccine pressure
  4. Education: What we overlooked in the switch to remote learning
  5. Health: The dwindling chances of eliminating COVID-19.
  6. World: England sets £10,000 fine for breaking self-isolation rules — The countries painting their pandemic recoveries green.
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