![]() When you're the richest guy in the world, it's natural to suddenly get Hollywood ambitions. That's not uncommon for such a large company, especially during a change like this one, but it means Jassy has a lot of leadership and culture work to do.Įxpensive entertainment aspirations. And as The New York Times reported, even outside those very top ranks, there's an unusually large number of high-ranking executives who have left the company in recent months. Adam Selipsky is back, too, as the new AWS CEO. Jeff Blackburn left for a while and is now back in a new role running Amazon's media efforts. Steve Kessel left in 2020 after leading seemingly every important project at one time or another. Jeff Wilke, the longtime head of the consumer business, left the company. Until recently, anyway.īezos isn't the only important Amazon executive leaving the company. The so-called "S-team," made up of Bezos and his closest lieutenants (including Jassy), was a remarkably stable group. One of the rarest things about Amazon was that its leadership never seemed to change. ![]() He'll have to find more ways to keep workers safe and happy, all while facing that typically Amazonian, relentless drive toward making everything more efficient.Ī fast-changing S-team. Jassy will have to either acknowledge the increasing unionization effort, or put even more resources into fighting it. Bezos made clear in recent months that this is a focus for Amazon, even adding to its leadership principles that Amazon should "strive to be the Earth's best employer." Amazon has long said that it pays and treats workers well, but the voices disagreeing are starting to get loud. In warehouses all over the U.S., workers are unhappy with the way they're treated by Amazon and are pushing to unionize. company by sales, the scrutiny's only going to grow. ![]() And with Amazon poised to pass Walmart and become the largest U.S. He'll have to answer for Amazon's entire business, which gets harder as that business gets wider and bigger. Jassy has mostly been left out of antitrust issues and hearings so far, because AWS hasn't been the focus of Congress's inquiry, but that's going to change quickly. The name "Lina Khan" should send shivers up spines all over Seattle. Investigations loom into the way Amazon works with third-party merchants, into the combination of its store and AWS, even into how its MGM acquisition affects its position in the toilet paper-shipping industry. The same size and scope of Amazon that make it so uniquely powerful may also make it uniquely vulnerable to antitrust reform. third-party sellers, who use its shipping and storage services in an effort to offset some of those costs.The looming antitrust battle. We're working hard to mitigate those costs wherever we can."Īmazon in April imposed a 5% fee to U.S. "The external factors that were maybe a little less in our control really relate to inflation, where the costs of line haul, and trucking, and ocean and air and fuel have all gone very substantially up. "We've had some unusual things happen the last couple of years, some more in our control than others," Jassy said on Wednesday. Last month, Jassy said in an interview with CNBC that the costs from inflation, the coronavirus pandemic and the war in Ukraine had become too high for the company to absorb. Then, in February, Russia invaded Ukraine, which pushed up the price of gasoline, and coincided with soaring costs for all sorts of goods across the globe. The company also doubled its physical footprint and increased hiring to manage a surge in online orders.Īs 2021 wrapped up, Amazon faced higher costs due to supply chain and labor shortages, along with inflationary pressures. ![]() Amazon took on billions of dollars in costs tied to the pandemic, when it ramped up testing and cleaning and put in place other safety measures for frontline employees. Jassy took over during a tumultuous period at Amazon, initially because of Covid-19, and then as inflation, rising rates and the war in Ukraine started taking its toll on the economy. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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