Jassy has faced intense scrutiny following a rough year in which Amazon shares plunged in value by 50% - with some analysts floating a possibility that the slump could prompt Amazon founder Jeff Bezos to oust him and return as CEO. “This is not work that’s going to take one or two months, you know, we’re going to make progress, meaningful progress every month, but this will take many months, and I’m quite confident that we will be misunderstood and we will be underrated,” Jassy told employees during the meeting, according the recording obtained by Insider and published Tuesday. The pink slips were part of a broader cost-cutting effort as the e-commerce giant contends with sagging revenue and difficult economic conditions. Jassy issued the rallying cry days after Amazon confirmed a larger-than-expected round of 18,000 layoffs. The rank privilege games under AOC’s ‘Tax the rich’ gownĮmbattled Amazon CEO Andy Jassy told employees to brace for a rebound process that will take “many months” following a brutal stretch that included sweeping job cuts, according to leaked audio from a recent staff meeting.
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