![]() Zoe Thomas: And so how has Jassy been dealing with that change? What's he been doing to help Amazon through this shifting period?ĭana Mattioli: Once he took over, it quickly became apparent that their plans for this massive build out of more warehousing and sortation centers and logistics network was way too big. And all of this infrastructure that Amazon built to deal with this unprecedented demand became too much, just given the change in shopping habits. Customers had become more comfortable shopping in person again. But behind the scenes, things had started to change. So that's sort of the Amazon he walked into taking over. They were above their estimates, and Amazon actually posted record earnings. ![]() ![]() And when earnings were coming in, companies like Amazon were just killing it. And if you remember, that was a time when people were still relying on eCommerce. Zoe Thomas: So Dana, what situation did Jassy inherit when he first took over?ĭana Mattioli: Andy started on July 5th, 2021. And joining me to discuss what Jassy's first year as CEO has been like, and what it tells us about the eCommerce giant's future is WSJ Amazon reporter, Dana Mattioli. I'm Zoe Thomas for the Wall Street Journal. One that's forced him to undo some decisions made by his mentor and the company's founder, Jeff Bezos. But since his promotion it's been a bumpy ride. He spent more than two decades there, and had been running the cloud computing division, Amazon web services, the company's cash cow. For Amazon insiders, he was a familiar face. Zoe Thomas: July marks one year since Andy Jassy took over as CEO of Amazon. This version may not be in its final form and may be updated. He has occasionally spoken out on social issues, tweeting about the need for police accountability after Breonna Taylor, a Black woman, was killed in her home by white policemen during a botched raid, and in favor of LGBTQ+ rights.Īmazon said it was not announcing an AWS replacement for Jassy yet.This transcript was prepared by a transcription service. Jassy is known for understanding technical details, and has bestowed a rock-star aura to keynotes at AWS’s annual Las Vegas conference. I’m super passionate about the impact I think these organizations can have.” “I’ve never had more energy, and this isn’t about retiring. ![]() “But I will also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, the Washington Post, and my other passions,” he wrote. “He will be an outstanding leader.”īezos added that he would stay engaged in Amazon initiatives. “Andy is well known inside the company and has been at Amazon almost as long as I have,” he said. “It will be interesting to see how that affects their strategy and balancing that priority with a growing ad business and the commerce behemoth.”īezos said in a letter to staff on Tuesday that he had “full confidence” in Jassy. “Jassy’s background in steering AWS shows just how top-of-mind those services are to Amazon’s business strategy,” Johnson said. His promotion underscored the importance of web services to Amazon’s future, said Tom Johnson, chief transformation officer at Mindshare Worldwide. It boasts a dominant 30% market share of the cloud computing market.Ĭompetitors are eyeing Amazon’s top spot, however, with Microsoft and Google announcing growth in their cloud computing businesses in the fourth quarter. ![]() The company now owns almost half the world’s public cloud infrastructure market. In the years since, AWS has grown into a cloud platform used by millions that dominates legacy players like Oracle and Microsoft. ![]()
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