Tag Archives: Amazon.com

Why Is Amazon Paying Workers Up To $5K To Quit?

Source: G. Chambers Williams III, The Tennessean / USA Today

NASHVILLE, Tenn. — Amazon.com hopes the workers in its scores of fulfillment centers across the USA are happy in their jobs.

But if they’re not and would rather be doing something else, Amazon has a deal: The company will pay them a bonus — up to $5,000 — to leave.

In a program that Amazon aptly calls Pay to Quit, those who aren’t committed to their jobs are urged to leave on their own and can get $2,000 in severance pay in the first year of employment with the bonus topping out at $5,000 in the fourth year.

To read this article in its entirety visit the USA Today.

Washington Post To Be Sold To Amazon.com Founder And Chief Executive Jeff Bezos

Source: Paul Farhi  / The Washington Post

The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.

Bezos, whose entrepreneurship has made him one of the world’s richest men, will pay $250 million in cash for The Post and affiliated publications to the Washington Post Co., which owns the newspaper and other businesses.

Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days. The Post Co. will change to a new, still-undecided name and continue as a publicly traded company without The Post thereafter.

The deal represents a sudden and stunning turn of events for The Post, Washington’s leading newspaper for decades and a powerful force in shaping the nation’s politics and policy. Few people were aware that a sale was in the works for the paper, whose reporters have broken such stories as the Pentagon Papers, the Watergate scandals and disclosures about the National Security Administration’s surveillance program in May.

To read this article in its entirety visit The Washington Post.