Amazon has declared a halt to corporate hiring in the face of growing uncertainty in the global economy and given growth in the company’s staff in recent years. Beth Galetti, Amazon’s senior vice president of people experience and technology, wrote in a blog post on Thursday that CEO Andy Jassy and the “S-team”—Amazon-speak for senior management—“decided this week to pause on new incremental hires in our corporate workforce.” The company also projected a sharp slowdown in growth at Amazon Web Services in the fourth quarter. Read More...
Reuters
U.S. Treasury continues to assess bond buybacks to improve liquidity
Last month, as part of its regular survey of dealers before each of its quarterly refunding announcements, the Treasury asked dealers about the specifics of how buybacks could work. These included questions on how much it would need to buy so-called off-the-run Treasuries, which are older and less liquid issues, to improve liquidity in those securities. On Wednesday, it said it had not yet made any decision but that it would continue to meet with a variety of market participants to assess the costs and benefits of buybacks.
