Amazon’s Bezos to step down as CEO; Andy Jassy to take over the role
3 years, 10 months ago

Amazon’s Bezos to step down as CEO; Andy Jassy to take over the role

The Hindu  

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third consecutive record profit and quarterly sales above $100 billion for the first time. The transition, slated for the third quarter, will make current cloud computing chief Andy Jassy Amazon’s next chief executive officer. Net sales rose to $125.56 billion as consumers turned to the world’s largest online retailer for holiday shopping, beating analyst estimates of $119.7 billion, according to IBES data from Refinitiv. Mr. Bezos, who started the company 27 years ago as an internet bookseller, said in a note to employees posted on Amazon’s website, “As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.” He added, “I’ve never had more energy, and this isn’t about retiring.” Since the start of the U.S. coronavirus outbreak, consumers have turned increasingly to Amazon for delivery of home staples and medical supplies. Brick-and-mortar shops closed their doors;Amazon, the world’s largest online retailer, instead recruited over 400,000 more workers and posted consecutive record profits.

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History of this topic

Amazon at 30: From online bookseller to two-trillion-dollar tech giant
5 months, 2 weeks ago

Amazon at 30: From online bookseller to two-trillion-dollar tech giant

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Seattle-based firm is now also established as a leading technology company through the Alexa virtual assistant …

The former Amazon intern now running its profit engine
6 months, 2 weeks ago

The former Amazon intern now running its profit engine

Live Mint  

In the summer of 2005, while at Northwestern University to get his master’s in business, Matt Garman interned at Amazon. “They basically told us there’s no chance that any big bank would ever put a production workload and run it outside of their own facility," Garman said in a 2021 interview at an industry conference. “We often spend as much …

Amazon's Jeff Bezos is ‘so unusual’ because of these 4 unique traits, Andy Jassy says
9 months, 2 weeks ago

Amazon's Jeff Bezos is ‘so unusual’ because of these 4 unique traits, Andy Jassy says

Hindustan Times  

Jeff Bezos built Amazon by being “arguably the most unusual business leader of our era,” current Amazon CEO Andy Jassy, who took over the company’s reins in 2021, said. Andy Jassy said that Jeff Bezos is “so unusual” as a boss because of his traits that make him the person he is. Andy Jassy said, “There aren’t too many other …

Tech layoffs: Mass firings at Amazon continue, tech giant terminates 5% of staff at Buy with Prime unit
11 months ago

Tech layoffs: Mass firings at Amazon continue, tech giant terminates 5% of staff at Buy with Prime unit

Firstpost  

Having laid off hundreds of employees just days into 2024, e-commerce giant Amazon has terminated more people from its workforce from Buy with Prime division, according to a report by Reuters. Despite the layoffs, Amazon emphasized that Buy with Prime remains a key focus, with ongoing substantial investments in the unit. However, according to inside sources that the Reuters report …

Jeff Bezos, after founding Amazon in a Seattle garage three decades ago, packs his bags for Miami
1 year, 1 month ago

Jeff Bezos, after founding Amazon in a Seattle garage three decades ago, packs his bags for Miami

Associated Press  

NEW YORK — Jeff Bezos is leaving Seattle, where the billionaire founded Amazon out of a garage nearly three decades ago. In a Thursday night Instagram post, the 59-year-old Bezos announced plans to return to Miami — where he spent his high school years — to be closer to his parents and his partner, Lauren Sánchez. Bezos stepped down as …

Amazon employee gets fired after 12 years of service, says he is leaving a place he called home
1 year, 2 months ago

Amazon employee gets fired after 12 years of service, says he is leaving a place he called home

India Today  

Be it a new employee who just started working or a senior with several years of experience, nobody has been safe from the layoffs wave that took over the tech world earlier this year. Major IT giants like Amazon, Meta, Twitter, Google and Microsoft, amongst others, collectively fired thousands of employees across the globe, impacting many lives. An Amazon employee, …

Amazon chief Andy Jassy warns reluctant employees to work from office thrice a week
1 year, 3 months ago

Amazon chief Andy Jassy warns reluctant employees to work from office thrice a week

The Hindu  

Amazon chief Andy Jassy has ordered reluctant employees to come work from office, saying that staff would work on-site at least three days a week and that the situation would likely not “work out” for employees who could not commit to the decision even if they disagreed with it. In a blog post on February 17, Jassy had said Amazon …

Amazon shares surge 8% as e-commerce and cloud-computing thrive
1 year, 4 months ago

Amazon shares surge 8% as e-commerce and cloud-computing thrive

Hindustan Times  

Amazon.com closed up more than 8% on Friday on signs that its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple's 4.8% slide after gloomy iPhone sales. READ HERE: Hurt by iPhone demand slump, Apple faces longest sales drop in decades The better-than-expected performance of Amazon's cloud business in the …

Very interested in helping create more jobs Amazon CEO Andrew Jassy after meeting PM Modi Latest business updates – India TV
1 year, 6 months ago

Very interested in helping create more jobs Amazon CEO Andrew Jassy after meeting PM Modi Latest business updates – India TV

India TV News  

Modi US visit 2023 : Amazon CEO Andrew Jassy expressed his commitment to generating additional employment opportunities in India after meeting Prime Minister Narendra Modi in Washington DC. "Very interested in helping create more jobs, helping digitise more small and medium size businesses and helping more Indian companies and products be able to be exported all around the world," said …

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
1 year, 9 months ago

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

The Hindu  

Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on March 20. The job cuts would mark the second largest round of layoffs in the company's history, adding to the 18,000 employees the tech giant said it would lay off in January. In the memo, Mr. Jassy said …

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
1 year, 9 months ago

Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000

Associated Press  

NEW YORK — Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company’s history, adding to the 18,000 employees the tech giant said it would lay off in January. In the memo, Jassy …

Amazon To Cut 9000 More Jobs CEO Andy Jassy Statement Cites Uncertain Economy All Details
1 year, 9 months ago

Amazon To Cut 9000 More Jobs CEO Andy Jassy Statement Cites Uncertain Economy All Details

ABP News  

Amazon announced on Monday that it would lay off 9,000 more employees, becoming the latest big technology company to announce a second round of layoffs, Reuters reported. CEO Andy Jassy said the company had added substantial amount of staff in the past few years. "Given the uncertain economy in which we reside, and the uncertainty that exists in the near …

Amazon asks employees to work from office at least three days a week
1 year, 10 months ago

Amazon asks employees to work from office at least three days a week

India TV News  

Amazon has announced that its corporate employees will be required to spend at least three days per week in the office, marking a change from its previous policy. Jassy acknowledged that it would not be simple to bring back thousands of employees to offices around the world, so the company will give teams time to develop a plan. He noted …

Amazon teammate ’leaks info’ on layoffs hours before CEO Andy Jassy’s message
1 year, 11 months ago

Amazon teammate ’leaks info’ on layoffs hours before CEO Andy Jassy’s message

Live Mint  

Hours before Amazon.com announced laying off over 18,000 employees, a teammate 'leaked info' regarding the issue and made social Chief Executive Andy Jassy's message. Since November, the Seattle-based company began layoffs in its devices division as it was targeting 10,000 job cuts in gadgets as well as its human-resources and retail divisions, Reuters had reported. In the message shared by …

Job cuts will continue into 2023: Amazon CEO Andy Jassy
2 years, 1 month ago

Job cuts will continue into 2023: Amazon CEO Andy Jassy

Live Mint  

Amazon.com Inc. Chief Executive Officer Andy Jassy has made his first comments about the job cuts which began this week. “This year’s review is more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years.” Jassy said people were notified in the company’s devices and books business and that …

2 Black executives leave Amazon amid changes in leadership
2 years, 6 months ago

2 Black executives leave Amazon amid changes in leadership

Associated Press  

Two Black executives at Amazon are leaving the company, the e-commerce juggernaut confirmed Tuesday, hours after CEO Andy Jassy named a new head for the company’s troubled retail business. Alicia Boler Davis, a senior vice president who oversees the company’s warehouses, and David Bozeman, the vice president of the Amazon’s Transportation Services, have decided “to explore new opportunities outside Amazon,” …

Amazon executive in charge of consumer business resigns
2 years, 6 months ago

Amazon executive in charge of consumer business resigns

Associated Press  

The Amazon executive in charge of the company’s worldwide consumer business is resigning after 23 years as the e-commerce giant deals with its overabundance of warehouse space. Dave Clark’s last day at the Seattle-based company will be July 1, Amazon CEO Andy Jassy wrote Friday in a company blog post. As CEO of Amazon’s worldwide consumer business, he oversees several …

Amazon’s CEO of Worldwide Consumer resigns
2 years, 6 months ago

Amazon’s CEO of Worldwide Consumer resigns

CNN  

CNN Business — Dave Clark, Amazon’s Worldwide Consumer CEO, is resigning after 23 years at the e-commerce giant. It’s what drives me.” During his time at Amazon, Clark helped build and oversee the company’s sprawling logistics network of warehouses, delivery trucks, planes and cargo ships, which helped it expedite shipping times and dominate the online retail market. His departure, however, …

Amazon begins new chapter as Jeff Bezos hands over CEO role
3 years, 5 months ago

Amazon begins new chapter as Jeff Bezos hands over CEO role

India TV News  

Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about $180 billion, will still hold …

Amazon begins new chapter as Jeff Bezos hands over CEO role
3 years, 5 months ago

Amazon begins new chapter as Jeff Bezos hands over CEO role

India Today  

Amazon founder Jeff Bezos stepped down as CEO on Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the coronavirus pandemic. Andy Jassy, who ran Amazon’s cloud-computing business, replaced Bezos, a change the company announced in February. Bezos, Amazon’s biggest shareholder with a stake worth about $180 billion, will still hold …

Who is Andy Jassy? The man who will take over Jeff Bezos as Amazon CEO
3 years, 5 months ago

Who is Andy Jassy? The man who will take over Jeff Bezos as Amazon CEO

Hindustan Times  

On Monday, Andy Jassy, who is serving as the chief of Amazon Web Services will take over from Jeff Bezos as the new CEO of the one of the world’s biggest tech giants. According to Bloomberg Billionaires Inde, the new Amazon Web Services CEO Andy Jassy has a worth of roughly $500 million. Andy Jassy worked with Bezos and other …

Meet Andy Jassy, the man who takes over as Amazon's new boss
3 years, 5 months ago

Meet Andy Jassy, the man who takes over as Amazon's new boss

India Today  

The former head of Amazon Web Services Andy Jassy officially took over as the CEO of Amazon.com after the world’s richest man, Jeff Bezos, stepped down as the e-commerce giant’s boss on Monday. Read | Amazon adds new leadership principles after 2015, days before Jeff Bezos steps down as CEO AMAZON'S NEW CEO ANDY JASSY In the last letter Bezos …

Amazon begins new chapter as Bezos hands over CEO role
3 years, 5 months ago

Amazon begins new chapter as Bezos hands over CEO role

LA Times  

Even after he steps down as Amazon CEO, Jeff Bezos will still hold sway over the company he started out of his Seattle garage in 1995. Amazon.com Inc. founder Jeff Bezos stepped down as chief executive Monday, handing over the reins as the company navigates the challenges of a world fighting to emerge from the COVID-19 pandemic. Andy Jassy, who …

What’s next for Amazon's Bezos? Look at his Instagram
3 years, 5 months ago

What’s next for Amazon's Bezos? Look at his Instagram

The Hindu  

Dwayne “The Rock” Johnson said it was time to bust out the tequila. Mr. Bezos leaves Amazon’s former cloud computing chief Andy Jassy to run a company that is bigger and more valuable than ever. Mr. Bezos, a hedge fund executive turned garage entrepreneur, long defined Amazon’s culture, through business adages like “customer obsession” and “have backbone; disagree and commit,” …

Jeff Bezos says will pass baton to new Amazon CEO on July 5
3 years, 6 months ago

Jeff Bezos says will pass baton to new Amazon CEO on July 5

The Hindu  

Amazon founder Jeff Bezos has picked a date to step down as CEO. Mr. Bezos, who grew Amazon from an internet bookstore to an online shopping behemoth, said on Wednesday that Amazon executive Andy Jassy will take over the CEO role on July 5. “We chose that date because it’s sentimental for me,” Mr. Bezos said during an Amazon shareholder …

Bezos says Amazon needs to do better for employees
3 years, 8 months ago

Bezos says Amazon needs to do better for employees

The Hindu  

Amazon.com Inc needs to do better at taking care of its employees, Jeff Bezos said on Thursday in his final letter to shareholders as chief executive officer of the online retail giant. "While the voting results were lopsided and our direct relationship with employees is strong, it's clear to me that we need a better vision for how we create …

Jeff Bezos tells Amazon to take better care of its employees in his last letter as CEO
3 years, 8 months ago

Jeff Bezos tells Amazon to take better care of its employees in his last letter as CEO

India Today  

World's richest man for quite a long time now, Jeff Bezos, is due to step down from his role as a chief executive of Amazon later this year. Bezos has since then written such an annual letter to Amazon shareholders every year, making it into a ritual that several startup CEOs now follow religiously. In his latest letter, which is …

Amazon picks Adam Selipsky to lead its cloud business
3 years, 9 months ago

Amazon picks Adam Selipsky to lead its cloud business

The Hindu  

Ecommerce giant Amazon has appointed Adam Selipsky, a former executive at the company, to lead its cloud computing business, Amazon Web Services. Amazon’s next cloud computing chief was one of the first vice presidents hired in AWS, and ran AWS’s sales, marketing, and support for 11 years. Selipsky will take over the role from AWS’s current chief Andy Jassy, who …

Amazon’s Retail Side Won’t Be a Side Hustle
3 years, 10 months ago

Amazon’s Retail Side Won’t Be a Side Hustle

Live Mint  

Amazon.com’s new boss may come from the cloud. Amazon announced earlier this week that Andy Jassy, current chief executive of the company’s AWS cloud division, will be running the whole company by the third quarter of this year. Consider that Amazon’s direct retail revenue from its online and physical stores, plus its third-party selling services, exceeded $294 billion last year—more …

New Amazon CEO Andy Jassy Reaffirms Commitment to Make Video Games
3 years, 10 months ago

New Amazon CEO Andy Jassy Reaffirms Commitment to Make Video Games

News 18  

Amazon CEO Jeff Bezos, earlier this week surprised everyone by announcing that he will step down as the CEO of the Seattle-based giant later this year, and announced that Andy Jassy, current AWS chief, will succeed him as the CEO of Amazon. Now, a Bloomberg report claims that just a day before he was named the next CEO of Amazon, …

Amazon CEO Jeff Bezos may step down without stepping away
3 years, 10 months ago

Amazon CEO Jeff Bezos may step down without stepping away

The Hindu  

Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. Long-time Amazon executive Andy Jassy will be the new CEO, but Bezos will be the company’s executive chairman — corporate speak for board leaders who, unlike most, stay involved in key operational decisions. “Jeff Bezos’ departure as CEO …

Who’s Andy Jassy? A Harvard Alumni, Sports Enthusiast To Take Over As Amazon's Next CEO
3 years, 10 months ago

Who’s Andy Jassy? A Harvard Alumni, Sports Enthusiast To Take Over As Amazon's Next CEO

ABP News  

Amazon founder Jeff Bezos will be stepping down later this year as CEO after almost 30 years to join the Amazon Board as the Executive Chairman. In one of the podcasts in HBS in September, Jassy stated that he took the final exam at HBS on the first Friday of May in 1997 and started working with Amazon next Monday. …

Meet Andy Jassy, Amazon's New CEO Who Has Been With Jeff Bezos for Last 24 Years
3 years, 10 months ago

Meet Andy Jassy, Amazon's New CEO Who Has Been With Jeff Bezos for Last 24 Years

News 18  

Andy Jassy is all set to take over as the next CEO of Amazon, replacing Jeff Bezos, Amazon announced on Tuesday. Jassy currently leads the company’s cloud computing offshoot, Amazon Web Services, which provides a range of online services for businesses, and is one of the most profitable divisions of the e-commerce giant. In Amazon’s early years, Jassy reportedly took …

Jeff Bezos to Step Down as Amazon CEO Later in 2021
3 years, 10 months ago

Jeff Bezos to Step Down as Amazon CEO Later in 2021

The Quint  

“Fellow Amazonians: I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. I don’t know of another company with an …

E-commerce Giant Amazon's Founder, Jeff Bezos Will Step Down As CEO
3 years, 10 months ago

E-commerce Giant Amazon's Founder, Jeff Bezos Will Step Down As CEO

ABP News  

New Delhi: Amazon's founder Jeff Bezos announced that he will be stepping down as CEO after nearly 30 years to join the Amazon Board as the Executive Chairman. According to AP news, Amazon’s Chief Financial Officer Brian Olsavsky said “Jeff is really not going anywhere.” He added, “It’s more of a restructuring of who’s doing what.” After quitting his at …

Who is Andy Jassy, the next CEO of Amazon?
3 years, 10 months ago

Who is Andy Jassy, the next CEO of Amazon?

The Hindu  

Amazon.com’s new chief executive, Andy Jassy, set to replace founder Jeff Bezos, is a long-time Amazon executive who has worked at the company since 1997. Mr. Jassy, who joined Amazon after graduating from Harvard Business School, worked as a technical assistant for Mr. Bezos in the early 2000s and was instrumental in leading the company’s push outside of book sales. …

Jeff Bezos, Amazon’s founder, will step down as CEO
3 years, 10 months ago

Jeff Bezos, Amazon’s founder, will step down as CEO

Associated Press  

NEW YORK — Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Bezos, 57, will be replaced in the summer by Andy Jassy, who runs Amazon’s cloud-computing …

Jeff Bezos to step down as Amazon CEO later this year
3 years, 10 months ago

Jeff Bezos to step down as Amazon CEO later this year

India TV News  

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Under Bezos, Amazon also launched the first e-reader that gained mass acceptance, and its Echo listening device made …

Jeff Bezos has been halfway out the door at Amazon for a while
3 years, 10 months ago

Jeff Bezos has been halfway out the door at Amazon for a while

CNN  

New York CNN Business — “Jeff is not leaving.” That is what Amazon chief financial officer Brian Olsavsky told analysts on the company’s earnings call Tuesday – a call that Bezos wasn’t even on, despite theannouncement moments earlier that he would be stepping down as CEO later this year, with Andy Jassy as his successor. “Although not as familiar a …

Who is Andy Jassy, the new Amazon CEO taking over from Jeff Bezos?
3 years, 10 months ago

Who is Andy Jassy, the new Amazon CEO taking over from Jeff Bezos?

CNN  

New York CNN Business — Amazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year, the company announced Tuesday. Jassy also spent time in the early 2000s in a position referred to at the time as Bezos’ “shadow,” a role similar to a corporate chief …

What’s next for Jeff Bezos: Amazon’s $188bn founder seeks to conquer space and save the planet
3 years, 10 months ago

What’s next for Jeff Bezos: Amazon’s $188bn founder seeks to conquer space and save the planet

The Telegraph  

Former Amazon executives will tell you that Jeff Bezos likes control. The billionaire’s love of “six pagers” – a lengthy memo read out loud at the beginning of each Amazon meeting – along with his interest in every single nut and bolt keeping the $1.7 trillion company running, made his bombshell decision to quit as chief executive all the more …

Jeff Bezos to Step Down as Amazon CEO, AWS Chief Andy Jassy to Succeed in Top Role
3 years, 10 months ago

Jeff Bezos to Step Down as Amazon CEO, AWS Chief Andy Jassy to Succeed in Top Role

News 18  

Jeff Bezos, the founder and erstwhile chief executive officer of Amazon, has announced that starting Q3 2021, he will be renouncing his role at the helm of Amazon. In his address to Amazon’s 1.3 million employees around the world, Bezos expressed confidence in Jassy’s ability to take over the reins of the company. Speaking about his continued role in the …

Jeff Bezos is stepping down as Amazon CEO, to be replaced by Andy Jassy from AWS
3 years, 10 months ago

Jeff Bezos is stepping down as Amazon CEO, to be replaced by Andy Jassy from AWS

CNN  

New York CNN Business — Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of executive chair, the company said Tuesday. Amazon said it delivered more than a billion products to customers worldwide during a “record-breaking holiday season.” Revenue from Amazon Web Services grew 28% from the prior-year …

Jeff Bezos, Amazon’s founder, will step down as CEO
3 years, 10 months ago

Jeff Bezos, Amazon’s founder, will step down as CEO

LA Times  

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as chief executive, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. On the same day Amazon announced Bezos would step down, the company reported making a record profit …

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