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Amazon’s post-Bezos experiment hasn’t gone exactly as planned

Jeff Bezos, the founder and then-CEO of Amazon, handed over the reins to former cloud boss Andy Jassy in July 2021. Jassy has faced a series of challenges since taking over, including a slowdown in online sales and cost-cutting measures that have impacted the company's experimental pursuits. In its fourth-quarter earnings report, Amazon barely eked out a profit, and the company issued disappointing guidance for the first quarter. Jassy is under immense pressure to revive the enthusiasm that Bezos drove into Amazon's culture.

The post Amazon’s post-Bezos experiment hasn’t gone exactly as planned appeared first on Balanced News Summary.



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