Major Tech Players Announce Huge Workforce Reductions: Ebay, Amazon and More!
Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
In a letter to Amazon employees published Tuesday afternoon, Bezos announced he would transition to the executive-chairman role and focus on "new products and early initiatives."
"Being the CEO of Amazon is a deep responsibility, and it's consuming," Bezos wrote. "When you have a responsibility like that, it's hard to put attention on anything else."
Bezos said that while he would still be involved in important initiatives at Amazon, he planned to spend more time on philanthropy — including the Bezos Earth Fund and his Day One Fund — as well as his two other major endeavors: The Washington Post, which he purchased 2013, and his rocket company, Blue Origin.
Andy Jassy, the CEO of Amazon Web Services, will replace him. Bezos wrote Jassy would be an outstanding leader and that he had the Amazon founder's "full confidence."
Read more: Andy Jassy will be the next CEO of Amazon. Insiders dish on what it's like to work for Jeff Bezos' likely successor who built AWS into a billion business.
Jassy joined Amazon in 1997, the year it went public, and quickly moved up the ranks. He is a close confidant of Bezos and has led Amazon's cloud-computing business since 2003. The cloud CEO helped build AWS into a massive unit that generates over billion in annual revenue. AWS is also the de facto leader in cloud computing, with over 30% of market share. Insiders say Bezos has unbounded trust in Jassy, who was promoted from AWS's senior vice president to CEO in 2016.
The people who have worked with Jassy, who turned 53 last month, describe him as a genuinely nice person who nevertheless sets high expectations for his people and expects them to rise to the challenge. Jassy takes Amazon Web Services' role in powering so much of the internet economy — and his role in keeping it on top in the cloud market — very seriously./ businessinsider
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
Svetoslav Stanulov, chairman of the Association of Bulgarian Airlines (ABA), has emphasized the need to assess Sofia Airport's potential as a hub for transit and transfer flights
Pegasus Airlines is set to recommence its scheduled flights between Sofia and Istanbul, marking a significant milestone in air travel connectivity between Bulgaria and Turkey
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022