After confirming that it has begun terminating employees, Amazon has now revealed that the layoffs will continue into 2023 as well. On Nov. 16, Dave Limp, Amazon senior vice president of devices and services, announced the job cuts, saying that the company had decided to “consolidate some teams and programs” due to which “some roles will…

When the COVID-19 pandemic swept throughout the world in early 2020, many business leaders predicted the disease would change business operations forever. Others thought there would be disruptions, but we’d be generally back to life as normal once the virus subsided. Today, we are still seeing the discrepancy among CEOs. BlackRock Inc. CEO Larry Fink told…

Amazon.com Inc. chief Andy Jassy in an interview at the Bloomberg Technology Summit in San Francisco, acknowledged its consumer chief departure and continued investments in risky bets like autonomous vehicles, video streaming, and internet satellites amid odds. Clark Dave wanted a different gig at this point, Jassy said. Dave was instrumental in building Amazon’s massive warehousing and logistics network,…

A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. retail giant to support a Chinese whistleblower, who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…

A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. e-commerce giant to support a Chinese whistleblower who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…

Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing said. That’s the date Jassy succeeds Jeff Bezos in…

Amazon’s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. “You want to be reinventing when you are healthy, you want to be reinventing all the time,” Jassy, 53, said in December at a company forum. “You…

Amazon founder Jeff Bezos will step down as CEO and become executive chairman, naming the head of its lucrative cloud computing division as successor in a sign of the company’s transformation from web retailer to Internet conglomerate. This summer, Bezos, 57, will hand the keys of the world’s largest online retailer to Andy Jassy, head…

NEW YORK—Amazon said Tuesday that Jeff Bezos is stepping down as CEO later this year, a role he’s had since he founded the company nearly 30 years ago. Amazon said he’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud business. Bezos will then become the company’s executive chairman. Bezos founded Amazon…