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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.

Go deeper

Erica Pandey, author of @Work
Nov 24, 2020 - Economy & Business

$10,000 to telework from Tulsa

Tulsa, Oklahoma, at sunrise. Photo: Jumping Rocks/Universal Images Group via Getty Images

If you're going to be working remotely for the foreseeable future and want to save some money on rent, you could move to Tulsa — and get paid $10,000 to do so.

Why it matters: Tulsa Remote — the Kaiser Family Foundation-funded program that's offering this perk to teleworkers — is a prime example of smaller cities attempting to leverage remote work to draw in talented professionals from the big, coastal metros.

Go deeper (1 min. read)Arrow
Jacob Knutson, Courtenay Brown
1 hour ago - Economy & Business

Buffett eyes slow U.S. progress, but says "never bet against America"

Warren Buffett in New York City in 2017. Photo: Daniel Zuchnik/WireImage

Warren Buffett called progress in America "slow, uneven and often discouraging," but retained his long-term optimism in the country, in his closely watched annual shareholder letter released Saturday morning.

Why it matters: It breaks months of uncharacteristic silence from the 90-year-old billionaire Berkshire Hathaway CEO — as the fragile economy coped with the pandemic and the U.S. saw a contentious presidential election.

Go deeper (1 min. read)Arrow
Kia Kokalitcheva
2 hours ago - Economy & Business

Restaurant software meets the pandemic moment

Illustration: Annelise Capossela/Axios

Food delivery companies have predictably done well during the pandemic. But restaurant software providers are also having a moment as eateries race to handle the avalanche of online orders resulting from severe in-person dining restrictions.

Driving the news: Olo filed last week for an IPO and Toast is rumored to be preparing to do the same very soon.

Go deeper (2 min. read)Arrow