Amazon CEO Andy Jassy is the definition of an office worker. In an era of frequent job changes, he worked for Amazon for 25 years, rising to the position of president and CEO. But before he landed in the corner office, he helped grow its cloud arm, Amazon his Web service, into his $60 billion behemoth.
Although he didn’t make it out of the mailroom, Jassy was there as a lieutenant when founder Jeff Bezos came up with the idea for AWS while an executive was offsite in the early 2000s. he helped build it. he raised it. He made it the company’s crown jewel.
So when Bezos announced he was stepping down early last year, it didn’t take long for the organization to turn to Jassy. With his hard work at AWS and his deep understanding of the company culture, it was clear he was the perfect successor.
But since he took over the leadership role in July 2021, things have not always gone according to plan. Like many CEOs, he inherited the problems his predecessor left behind.
During the pandemic, Amazon has become the world’s grocery store. People stuck in lockdown turned to Amazon for goods. The company’s revenue soared, its workforce exploded, and the organization added a staggering 800,000 employees, most of whom worked in warehouses (according to The Wall Street Journal). The future looked bright, but when Jassy took over last year, people started going out again.
Suddenly, no one buys everything online. Heading into 2022, other macroeconomic factors began to affect commerce (online and in-store) as inflation spiked and consumer spending power began to wane. Add to that rising energy costs and sustained supply chain issues, and Amazon suddenly faces several challenges that begin to severely impact its bottom line.