Here's Why Uncertainty is an Economic Killer
The near-daily shifts in US trade policy have plunged markets into turmoil, and made businesses and consumers nervous about spending. What sort of damage does uncertainty do to the economy? And will we eventually get used to it? Co-host of Bloomberg's Odd Lots podcast, Joe Weisenthal, joins Stephen Carroll to discuss.
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Amazon's Return-to-Office Mandate Sparks Disability Complaints
(Bloomberg) -- Inc.'s hard-line stance on getting disabled employees to return to the office has sparked a backlash, with workers alleging the company is violating the Americans with Disabilities Act as well as their rights to collectively bargain. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire At least two employees have filed complaints with the Equal Employment Opportunity Commission and the National Labor Relations Board, federal agencies that regulate working conditions. One of the workers said they provided the EEOC with a list of 18 'similarly situated' employees to emphasize that their experience isn't isolated and to help federal regulators with a possible investigation. Disabled workers frustrated with how Amazon is handling their requests for accommodations — including exemptions to a mandate that they report to the office five days a week — are also venting their displeasure on internal chat rooms and have encouraged colleagues to answer surveys about the policies. Amazon has been deleting such posts and warning that they violate rules governing internal communications. One employee said they were terminated and another said they were told to find a different position after advocating for disabled workers on employee message boards. Both filed complaints with the EEOC and NLRB. The company's use of artificial intelligence to help it manage employee requests for disability accommodations has also stirred internal opposition and could open the company to legal challenges. Company spokesperson Zoe Hoffmann said Amazon's Disability and Leave Services team ensures employees have access to the accommodations and adjustments they need to be effective and advance their careers. The process is empathetic, and the interactions aren't automated, she said. 'Amazon respects employees' rights to organize and doesn't interfere with these rights. We don't discriminate or retaliate against employees for engaging in organizing activities,' Hoffmann said in an emailed statement. 'We're committed to supporting our employees by providing effective accommodations that meet their individual needs and the needs of the business.' Bloomberg reported in November that Amazon was making it more difficult for staff with disabilities to win approval to work from home. The company implemented a more rigorous vetting process, both for new requests to work remotely and applications to extend existing arrangements. Affected employees had to participate in a 'multilevel leader review' and some were told monthlong trials would be used to determine if accommodations met their needs. Several employees told Bloomberg then that they believed the system was designed to deny work-from-home accommodations and prompt employees with disabilities to quit, which some have done. Amazon denied the system was designed to encourage people to resign. Since then, workers have mobilized against the policy. One employee repeatedly posted an online survey seeking colleagues' reactions, defying the company's demands to stop. The survey ultimately generated feedback from more than 200 workers even though Amazon kept deleting it, and the results reflected strong opposition to Amazon's treatment of disabled workers. More than 71% of disabled Amazon employees surveyed said the company had denied or failed to meet most of their accommodation requests, while half indicated they faced 'hostile' work environments after disclosing their disabilities and requesting accommodations. One respondent said they sought permission to work from home after suffering multiple strokes that prevented them from driving. Amazon suggested moving closer to the office and taking mass transit, the person said in the survey. Another respondent said they couldn't drive for longer than 15-minute intervals due to chronic pain. Amazon's recommendation was to pull over and stretch during their commute, which the employee said was unsafe since they drive on a busy freeway. Bloomberg couldn't verify the responses to the anonymous employee survey. Amazon didn't dispute the accounts and said it considered a range of solutions to disability accommodations, including changes to an employee's commute. Hoffmann, the spokesperson, said that when appropriate, Amazon adjusts schedules, lighting and desk assignments. It also offers job coaching. If warranted, the company might provide commuting adjustments. In rare circumstances, she said, employees with disabilities are allowed to work from home full time or part time. AI Risks Using AI to parse accommodation requests, read doctors' notes and make recommendations based on keywords has also generated internal opposition. Bloomberg reviewed screenshots from an in-house coding tool showing what appeared to be prompts designed to guide AI software through the process of evaluating and pulling data from documents filled out by employees and their physicians. The bots are given context — such as the fact that injuries can occur on one or both arms — suggestions of follow-up questions and a lengthy list of potential accommodations for employees with low vision. There's also extensive guidance that may be intended to keep the software from asking unnecessary questions or generating irrelevant data. Amazon has long used automation to more efficiently manage its enormous workforce. But deploying such tools for sensitive personnel matters risks missing nuances about an employee's situation that a human might spot and take into consideration. Doing so also could lead to legal complications should employees claim the software introduced errors into the process. And the use of AI risks further alienating employees, who are already expected to engage with chatbots and automated systems, rather than colleagues, for a wide range of workplace tasks. 'It's impossible to imagine that companies will not be using AI for any number of needs, including this one,' said Chai Feldblum, a former commissioner with the EEOC. But in the event of a legal challenge, she said, Amazon would have to prove that providing an accommodation to an employee placed an unreasonable burden on the company. 'I would not leave that final judgment to AI,' Feldblum said. Amazon's partly automated accommodation and internal job transfer processes are key elements of the employee complaints to the EEOC, with workers arguing that it is insufficiently interactive to provide a complete picture of a person's physical limitations and whether reasonable accommodations could help them do their jobs. 'If there's an indication that Amazon is using some rote artificial intelligence process to manage these requests, that's not interactive,' said David Hutt, legal director of the National Disability Rights Network. 'Courts are pretty skeptical of these kind of boilerplate accommodations that aren't specifically tailored around the person's disability and their job function.' Two employees said Amazon cited its 'solicitation' policy when deleting their posts from employee communication channels. The policy prohibits personnel from asking others for financial contributions, disseminating advertising materials or gathering signatures on petitions unless they have permission from the company, according to documents reviewed by Bloomberg. Preventing employees from discussing the workplace could backfire if the NLRB determines that doing so interferes with their protected rights to organize and debate working conditions, said Kate Bronfenbrenner, the director of labor education research at Cornell University. 'If two or more people are in any way penalized or coerced against exercising their rights, it's a violation,' Bronfenbrenner said. 'Whether this gets enforced is another question,' she added, citing budget cuts to various federal agencies. With internal communication channels being scrutinized, Amazon employees posted a petition to calling on the company to reform its policies. The dispute could affect thousands of Amazon workers. An internal Slack channel for employees with disabilities has 13,000 members, one of the people said. Amazon said it doesn't track the total number of disabled workers since employee disclosure is voluntary. The rise of remote work during the pandemic helped boost the number of disabled people with jobs to almost 23% last year, close to a record high since the US Bureau of Labor Statistics began tracking the metric in 2008. Working from home can benefit people with a range of disabilities, including chronic allergies, limited mobility and anxiety disorders. Amazon employees have lodged complaints about workplace conditions in the past. The EEOC as recently as last year was investigating allegations that the company discriminated against pregnant warehouse workers in California, Connecticut, New Jersey and North Carolina by denying their accommodation requests. An agency spokesperson declined to provide an update regarding the status of the investigation. In 2021, Amazon settled a dispute with two workers at its Seattle headquarters who alleged they were fired in retaliation for their workplace activism regarding climate change and working conditions, which included inviting colleagues to a virtual event meant to connect tech employees with warehouse employees. Their allegations led to a labor board complaint accusing Amazon of unfair labor practices. American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
an hour ago
- Bloomberg
Middle East Tensions Escalate, Oil Prices Jump
Centerview Partners Senior Counselor Richard Haass says that while geopolitical tensions cause fluctuations in prices, there would have to be ongoing conflict to see a sustained upward move in oil prices. (Source: Bloomberg)
Yahoo
2 hours ago
- Yahoo
Battery manufacturer Powin files for bankruptcy months after landing $200M loan
Battery manufacturer Powin filed for bankruptcy on Wednesday. The Oregon-based company said it has more than $300 million in debt. The Chapter 11 filing will let the company continue operating while it restructures its debt. Powin manufactured grid-scale batteries using lithium-iron-phosphate (LFP) cells from China. The company had been searching for alternative domestic suppliers, but the supply chain wasn't sufficiently mature, Jeff Waters, the company's former CEO, told Bloomberg in April. The company laid off nearly 250 employees earlier this month, and just 85 remain, less than a fifth of what it started the year with. Alongside the bankruptcy filing, Waters was replaced by Brian Krane, Powin's chief projects officer. Powin was a survivor of the first clean tech boom over a decade ago. The company was taken private in 2018, and it received $135 million in growth equity in 2022 from investors, including Energy Impact Partners, GIC, and Trilantic Energy Partners. More recently, it secured a $200 million revolving credit facility from KKR. In recent years, Powin has grown alongside the boom in grid-scale battery storage, ranked third in the U.S. in terms of installed capacity and fourth worldwide. The company did not say what spurred the sudden rise in debt, though given its reliance on Chinese LFP cells, tariffs may have played a roll.
