Amazon workers are joking about Jeff Bezos’ return as Andy Jassi is fired

Jeff Bezos is a potential candidate to lead the e-retailing giant after current CEO Andy Jassy announced a wave of layoffs, according to a report released Friday. they welcomed his return.

Rumors that Bezos may be looking to replace Jassi as CEO have intensified amid a sustained decline in Amazon’s stock price. Michael Batnick, managing partner at Ritholtz Wealth Management, said in a recent blog post that Bezos may return this year to “take a Bob Iger” and stabilize the company he founded.

Employees reportedly discussed the possibility on an internal message board dedicated to layoffs on Thursday — the same day Jassi cited economic uncertainty as he detailed plans to cut more than 18,000 jobs earlier this year. It was screenshots of messages Taken by Insider.

“Looks like even Andy isn’t safe,” one employee wrote, along with a link to Batnick’s CNBC interview in which he discussed why he felt Bezos might return home.

Jeff Bezos is the fifth richest person in the world.
AFP via Getty Images

“He has to come … he’s the best,” another employee said, referring to Bezos.

One colleague responded with a screenshot that read, “Return of the King,” while another captioned a photo of Bezos with the caption, “Missing me yet?” shared with the caption.

Bezos will hand over the CEO position to Jassi in 2021, although he will still serve as Amazon’s executive chairman. The Amazon founder is currently the fifth richest person in the world with a fortune of $109.4 billion, according to Forbes.

Amazon plans to lay off more than 18,000 workers.
Educational pictures

But Bezos’ net worth has plummeted over the past year, along with Amazon’s valuation, as the tech sector has suffered a severe downturn. Shares of Amazon and other Big Tech giants have been steadily selling off as a series of interest rate hikes by the Federal Reserve stoked fears of an economic slowdown.

Jassi has responded to the worsening economic outlook and declining revenue with cost-cutting measures, including this week’s layoffs.

An employee on Amazon’s internal chat board pointed to the company’s recent poor performance.

Now Jassi
Andy Jassi took over as CEO of Amazon in 2021.
Getty Images

“No wonder there are rumours [Bezos] will come back. Maybe he is asking [Jassy] WTH are you doing to my company,” the worker wrote.

So far, Bezos hasn’t said anything about whether he plans to return to a more prominent role or whether Jassi’s gig is in jeopardy.

Insider’s report says some employees have been critical of Amazon executives’ announcements about the start of layoffs, such as the decision to announce the layoffs in a public blog post Thursday.

When asked by Insider for comment, Amazon reportedly declined to comment on the possibility of Bezos’ return. Instead, the company addressed internal complaints about its communication methods.

Jeff Bezos
Bezos is still the executive chairman of Amazon.
Getty Images

“As a company, we increasingly communicate important news through our internal site for employees (Inside Amazon) over the external site, Amazon News (About Amazon),” the spokesperson wrote.

“Most of the feedback we’ve received has been positive about such heavy news. With 1.5 million employees, we always see a variety of feedback, and if we think there’s something to learn from that feedback, even if it’s a small minority, we’ll make future adjustments “, the spokesperson added.

The Post has reached out to Amazon for further comment.


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