Amazon will require its corporate employees to return to the office at least three days a week.

CEO Andy Jassy announced the policy Friday in a memo to staff. It marks a shift from Amazon’s current policy of allowing leaders to determine how their teams worked. The change will go into effect May 1.

Many companies have been calling their employees back to the office after the COVID-19 pandemic forced them to operate virtually.

Last month, Starbucks told its corporate employees to plan to work from the office three days a week. Disney is asking employees to plan for four in-office days starting in March. Walmart said this week that it would require its tech teams to plan regular in-office work days.

Among other things, Jassy said his senior leadership team watched how staff performed and talked to leaders at other companies. He said they concluded employees tended to be more engaged in person and collaborate more easily.

The move could help local economies, he said.

“I’m also optimistic that this shift will provide a boost for the thousands of businesses located around our urban headquarter locations in the Puget Sound, Virginia, Nashville and the dozens of cities around the world where our employees go to the office,” Jassy wrote.

Markets close bumpy week with mixed finish

Wall Street closed another bumpy week with a mixed performance Friday amid worries that inflation is not cooling as quickly or as smoothly as hoped.

The S&P fell 0.3% after paring a bigger loss from the morning. The Dow Jones Industrial Average rose 129 points, or 0.4%, after coming back from an early loss of 179 points, while the Nasdaq composite fell 0.6%.

The two-year Treasury yield topped 4.70% in the morning, up from 4.62% late Thursday and from less than 4.10% earlier this month. It later pulled back to 4.61%. It has recently approached its heights from November, when it reached its highest point since 2007.

Microsoft fell 1.6% and Nvidia lost 2.8% for some of the heaviest weights on the S&P 500.

Energy stocks also tumbled as the price of oil weakened. Exxon Mobil fell 3.8%.

JFK Airport terminal set to reopen today

Terminal 1 at New York’s John F. Kennedy International Airport was due to reopen with limited operations today after a Thursday power outage caused flight delays, cancellations and the closing of the terminal.

“Contingent on the completion of repairs and testing, we anticipate the start of limited operations at Terminal 1 on Saturday,” Alana Calmi, a spokesperson for the Port Authority of New York and New Jersey said in a statement. “Travelers should continue to check with their carriers for flight status before coming to Terminal 1.”

Terminal 1 represents 5% of all JFK scheduled passenger flights, and of today’s 64 scheduled Terminal 1 arrivals and departures, 13 will operate at other JFK terminals, 12 will operate at other local airports, according to the Port Authority.

Terminal 1 has 11 gates and serves several major international carriers including Korean Air, Air France, Lufthansa and Turkish Airlines. Some planes have been diverted to other airports, while others have returned to their points of origin.

The outage was caused by an electrical-panel failure that sparked a small fire that was quickly extinguished, according to the Port Authority.

Compiled from Associated Press and Bloomberg reports.