{"id":464975,"date":"2022-06-17T18:52:43","date_gmt":"2022-06-17T15:52:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-ceo-jassy-spent-first-year-cleaning-up-bezos-messes-report\/"},"modified":"2022-06-17T18:52:43","modified_gmt":"2022-06-17T15:52:43","slug":"amazon-ceo-jassy-spent-first-year-cleaning-up-bezos-messes-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-ceo-jassy-spent-first-year-cleaning-up-bezos-messes-report\/","title":{"rendered":"#Amazon CEO Jassy spent first year cleaning up Bezos&#8217; messes: report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2920b31bd91\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2920b31bd91\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/amazon-ceo-jassy-spent-first-year-cleaning-up-bezos-messes-report\/#%E2%80%9CAmazon_CEO_Jassy_spent_first_year_cleaning_up_Bezos_messes_report%E2%80%9D\" >&#8220;Amazon CEO Jassy spent first year cleaning up Bezos&#8217; messes: report&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CAmazon_CEO_Jassy_spent_first_year_cleaning_up_Bezos_messes_report%E2%80%9D\"><\/span>&#8220;Amazon CEO Jassy spent first year cleaning up Bezos&#8217; messes: report&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Bigger is not always better as Amazon CEO Andrew Jassy has discovered in his first year on the job.<\/p>\n<p>The online retailer has too many warehouses, employees and until recently too many stores, but Jassy \u2014 who took the reins from the company\u2019s billionaire founder Jeff Bezos last July \u2014 is on a mission to reshape the largest e-commerce business in the world, which has an excess of everything except sales and profits.<\/p>\n<p>Bezos led the expansion boom during the pandemic, when the company was convinced consumers who\u2019d migrated to online shopping during the height of COVID wouldn\u2019t return to brick-and-mortar stores again, according to a Wall Street Journal report.<\/p>\n<p>But after being locked down for two years, consumers are h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ily flocking back to stores.<\/p>\n<p>Now, Jassy\u2019s main focus is undoing much of the expansion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-climate-week-2021.jpg?w=1024\" alt=\"Jeff Bezos seated, talking.\" class=\"wp-image-22702505\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-climate-week-2021.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-climate-week-2021.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-climate-week-2021.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Jeff Bezos made many of the decisions that  led to Amazon\u2019s over expansion during the pandemic.<\/figcaption><figcaption><span class=\"credit\">Getty Images for Bezos Earth Fun<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-lauren-sanchez-may.jpg?w=1024\" alt=\"Jeff Bezos seated next to Lauren Sanchez at a dinner event.\" class=\"wp-image-22702560\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-lauren-sanchez-may.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-lauren-sanchez-may.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/jeff-bezos-lauren-sanchez-may.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Jeff Bezos with his girlfriend, Lauren Sanchez, stepped aside to focus on other businesses including his aerospace company, Blue Origin.<\/figcaption><figcaption><span class=\"credit\">Getty Images for Robin Hood<\/span><\/figcaption><\/figure>\n<p>\u201cFollowing all that growth that we had in the short term, we have some things [Mr. Jassy] felt we need to do to get right in the business,\u201d Patty Stonesifer, a longtime Amazon board member told The Journal. \u201cAnd so he\u2019s working on the supply, the labor and delivery speeds. He\u2019s right in the middle of it.\u201d<\/p>\n<p>Jassy, who pulled in a whopping $212 million in total compensation last year, is under pressure after Amazon reported its slowest quarterly growth in two decades on April 28 \u2014  resulting in its first quarterly loss since 2015. <\/p>\n<p>The company\u2019s once-soaring stock price has fallen by more than a third under Jassy\u2019s watch, wiping away more than $600 billion in market value.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/andy-andrew-jassy-amazon-1-jassy-seated.jpg?w=1024\" alt=\"Andrew Jassy seated.\" class=\"wp-image-22702604\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/andy-andrew-jassy-amazon-1-jassy-seated.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/andy-andrew-jassy-amazon-1-jassy-seated.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/andy-andrew-jassy-amazon-1-jassy-seated.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Andrew Jassy is cutting back on new hires and offloading excess real estate.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>All that growth \u2013 adding hundreds of new warehouses and doubling its workforce to 1.6 million employees \u2013 happened on Bezos\u2019 watch, Amazon executives told The Journal.<\/p>\n<p>To trim away the fat, Jassy in March shut down all of Amazon\u2019s non-grocery stores \u2014 which consisted of 68 book stores, Amazon 4-Star and Pop-up shops.<\/p>\n<p>Then in April, the company reversed course on more than 1,500 jobs it was planning to fill on the corporate side of retail and added a fuel and inflation surcharge for some Amazon sellers, according to the Journal. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/amazon-prime-day-factory-1.jpg?w=1024\" alt=\"Workers filling orders at an Amazon warehouse.\" class=\"wp-image-22702522\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/amazon-prime-day-factory-1.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/amazon-prime-day-factory-1.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/amazon-prime-day-factory-1.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Amazon has too much warehouse space now and is looking to sublease some of its facilities.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Jassy also decided to sublease at least 10 million square feet of excess warehouse space and has delayed construction of new facilities, while he looks to renegotiate leases with outside warehouse owners.<\/p>\n<p>\u201cWe\u2019re very focused on profitability. I\u2019m confident we\u2019ll get back to a healthy level of profitability in our consumer business,\u201d Jassy said at the company\u2019s shareholder meeting in May. \u201cWe\u2019re working really hard on it.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/17\/amazon-ceo-jassy-spent-first-year-cleaning-up-bezos-messes-report\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Amazon CEO Jassy spent first year cleaning up Bezos&#8217; messes: report&#8221; Bigger is not always better as Amazon CEO Andrew Jassy has discovered in his first year on the job. The online retailer has too many warehouses, employees and until recently too many stores, but Jassy \u2014 who took the reins from the company\u2019s billionaire&#8230;<\/p>\n","protected":false},"author":1,"featured_media":464976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/andy-andrew-jassy-amazon-2-feature.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130439,2758,111802,71631,72446],"class_list":["post-464975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-17-22","tag-amazon","tag-expansion","tag-jeff-bezos","tag-online-shopping"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=464975"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/464976"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=464975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=464975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=464975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}