Amazon CEO accused of labor violations amid surging profits
9:37 AM EDT, May 2, 2024
According to cnbc.com, the court found that Amazon's CEO, Andy Jassy, violated labor laws by suggesting that employees would be "less empowered" if they voted for a union.
The court concluded that CEO Andy Jassy breached federal labor laws by commenting to the media about the company's development of unions.
In an interview with CNBC in April 2022, Jassy claimed that unionizing could result in employees having "fewer rights in the workplace," and things would proceed "much slower" and "more bureaucratic."
Amazon's Performance
Amazon projects revenues between $144 and $149 billion for the second quarter, marking a 7 to 11 percent increase. This falls short of analysts' projections of a 12 percent increase to $150.1 billion.
Since 2022, the company has laid off over 27,000 employees, with reductions continuing into 2024. Amazon laid off hundreds of employees in its health and AWS departments in the first quarter alone.