Fortune 500’s Post

After being widely considered the winner of the streaming wars, there were some questions as to what extent Netflix’s industry dominance would continue. bit.ly/3A0sEeU Instead, it has impressed investors with another quarter that highlighted its ability to add new subscribers in a saturated market, while growing revenues and expanding margins. Netflix reported 27% margins for the quarter, a five percentage point increase compared to the second quarter of 2023. A paid subscriber base inching closer to 300 million globally, a crackdown on password sharing, the launch of an ad-supported tier and live events like The Roast of Tom Brady all drove results. Netflix also drove significant numbers of new subscribers through its ad-supported tier, first launched in 2022. Read more: bit.ly/3A0sEeU

“We’re starting to speak directly with employees who haven’t regularly been spending meaningful amounts of time in the office,” Amazon spokesperson Rob Munoz told Fortune. bit.ly/3WtRz3p According to leaked Slack messages viewed by Business Insider, Amazon employees across different teams have been set a minimum-hour obligation on in-office days. Some teams have reportedly been told that a minimum of two hours per visit is required to count as office attendance, others six. The toughened stance comes as research shows that workers are increasingly dodging in-office mandates by scanning their badge so it looks like they came to the office, before swiftly returning home. Read more: bit.ly/3WtRz3p

Blaine Raddon, a self-proclaimed Tesla superfan, found himself in a tight spot when he realized his Cybertruck was too big to fit into his apartment complex’s garage. bit.ly/3SdpomY Thanks to a “vehicle order agreement” specific to the Cybertruck, Raddon couldn’t sell the truck within one year of delivery without incurring a $50,000 fine and a lifetime ban from buying Tesla products. Raddon took to X to complain about the policy in a now-deleted post that soon gained traction online and caught the attention of news outlets. Finally, Tesla’s team reached out to him and overturned its rule against customers reselling the Cybertruck. Read More: bit.ly/3SdpomY

JPMorgan CEO Jamie Dimon has a surprising message for disgruntled clients: keep the complaints coming. bit.ly/3WcXLvc “I always tell a client, ‘When you complain to us, you’re doing us a favor. If we’re torturing you, we’re probably torturing another 10,000 or 100,000 people,’” Dimon revealed in LinkedIn’s “This is Working” video series last week. It’s why, he insisted, that leaders can’t do their job from their corner office. Having led JPMorgan since 2006, Dimon is acutely aware of how customers’ needs and wants change over time—and that leaders who don’t remain on the pulse of what that means for their business get left behind. Read more: bit.ly/3WcXLvc

Tesla is looking to hire nearly 800 new employees, three months after Elon Musk laid off thousands of workers. bit.ly/3W59g84 The roles have steadily popped up on Tesla’s careers page in recent weeks, with positions spanning artificial intelligence specialists to more run-of-the-mill service jobs, according to a Bloomberg analysis. Many of the openings the company is looking to fill focus on AI and robotics for products including Tesla’s humanoid robot, Optimus. There are at least 25 jobs related to self-driving development or Autopilot, and at least 30 focused on Optimus. Read more: bit.ly/3W59g84

Panasonic Holdings Corp.’s managers need to feel more of a “sense of crisis” given the company’s low profitability and will be judged accordingly, Chief Executive Officer Yuki Kusumi said. bit.ly/465fr0F “If they don’t produce results, they will have to be replaced,” Kusumi said in a recent interview. “The reason for not producing results is the lack of a sense of crisis.” Those are unusually harsh words in Japan, and especially at Panasonic, where the notion of lifetime employment was embraced for years. Two months ago, Kusumi warned in a strategy briefing that the Osaka-based Japanese electronics maker was falling behind on its profitability targets, and that he would reduce the number of “businesses with issues” to zero by March 2027. Once a global leader in consumer electronics, Panasonic is now a key battery supplier to Tesla Inc. and investing in software, while seeking to retain its relevance in appliances and industrial devices.