Speculation that Bezos could seek to supplant Andy Jassy as CEO has increased during a sustained downturn in Amazon’s stock price.
Speculation that Bezos could seek to supplant Jassy as CEO has increased during a sustained downturn in Amazon’s stock price. In a recent blog post, Michael Batnick, a managing partner of Ritholtz Wealth Management, suggestedEmployees reportedly discussed the possibility on an internal message board dedicated to the subject of layoffs on Thursday – the same day that Jassy cited economic uncertainty while detailing plans to slash more than 18,000 jobs early this year.
A colleague responded with a screenshot that said “The Return of The King,” while another shared a picture of Bezos with the caption “miss me yet?” Jassy has responded to the worsening economic outlook and sagging revenue with some cost-cutting measures, including this week’s round of layoffs. So far, Bezos has given no indication that he plans to return to a more prominent role or that Jassy’s gig is in any jeopardy.
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