Twenty-five years after he founded Amazon, Jeff Bezos leaves his CEO position.
Twenty-five years after founding Amazon, Jeff Bezos resigns as CEO – although he doesn’t go too far.
Andy Jassy, who runs Amazon Web Services (you can think of it as a hosting company for large areas of the internet), will take over as CEO.
This change is not happening immediately: Bezos said in a letter to Amazon employees that he would resign in the third quarter of 2021.
“In the role of Executive Chairman, I plan to focus my energy and attention on new products and early initiatives. Andy is well known within the company and has been with Amazon almost as long as I do. He will be an outstanding leader and he has my full confidence. ” Bezos wrote. “As Chief Executive I will continue to engage with key Amazon initiatives, but I will also have the time and energy to focus on the Day 1 Fund, Bezos Earth Fund, Blue Origin, The Washington Post, and other passions.”
Under the administration of Bezos, Amazon founded Amazon Game Studios, which actively develops the MMO game New World, and in 2014 purchased the streaming platform Twitch. He also stars in the interactive fiction adventure You Are Jeff Bezos.
Although it has been around since 2012, Amazon Game Studios has struggled to release the games. Numerous projects were canceled before its release, and last year’s Crucible was back in beta and later canceled after an unsuccessful release. In a report published on January 29, Bloomberg documented Amazon’s struggle to launch games and internal issues, which also addressed “bro culture” and studio president Mike Frazzini’s lack of gaming experience.
In addition to Bezos’ changing position, Amazon also announced huge last quarterly earnings: $ 125.56 billion in revenue versus $ 119.70 billion in expected revenue – the first $ 100 billion quarter in Amazon’s history.
While Amazon’s stock price has increased by more than 68 percent since February 2020, around 20,000 Amazon employees signed up with Covid-19 during the epidemic. In June, Amazon warehouse employees in New York sued the company, claiming that working conditions put their lives at risk.