Amazon CEO Andy Jassi says employee recovery will take ‘many months’ in leaked audio

A shocked Amazon CEO, Andy Jassi, told employees to prepare for a recovery process that will take “many months” after a brutal stretch that included widespread job cuts, according to a leaked audio recording from a recent staff meeting.

Yassi issued a battle cry days after Amazon confirmed a larger-than-expected layoff of 18,000 people. The pink slips were part of a broader cost-cutting effort as the e-commerce giant struggles with falling revenue and difficult economic conditions.

“This is not a job that will take one or two months, you know, we will make progress, significant progress every month, but it will take many months and I am quite sure that we will be misunderstood and we will be underestimated,” said Yassi employees during the meeting, according to a recording obtained by Insider and released on Tuesday.

Yassy has come under scrutiny after a tough year in which Amazon shares plunged 50%, with some analysts suggesting the downturn could prompt Amazon founder Jeff Bezos to fire him and return as CEO. Rumors about the safety of Yassy’s work have reportedly reached Amazon’s internal message boards.


Andy Jassi
Amazon’s Andy Jassi is under scrutiny due to the company’s recent troubles.
Bloomberg via Getty Images

However, Yassy said this would not be “the first time” Amazon has reinvented its business in response to challenging conditions.

“If we focus solely on customer service and realize as owners that we all have a part to make this happen and we are part of the solution, I have every confidence that we will be a huge success. quantity and redefine what it means to be an Amazon,” Jassi said.

“I feel very strongly that our best days are undoubtedly ahead, and I look forward to when this happens to all of you,” added Yassi.

The Post has reached out to Amazon for comment.

It is reported that the head of Amazon spoke about the prospects for the company in response to a question from one of the employees. The worker asked Yassy to align recent budget cuts with Amazon’s long-term investments in areas like grocery shopping and health care, according to Insider.

Amazon shares have jumped about 15% this year on the back of modest gains in the broader tech sector.

In a separate interview with the Financial Times this week, Yassy vowed to “make big strides” at brick-and-mortar stores despite worries about Amazon’s investment in the grocery business, including a $13.7 billion deal to acquire Whole Foods in 2017.

Earlier this month, Amazon reported that it suffered a $720 million loss last quarter as it abandoned a planned expansion of its Amazon Fresh grocery stores and closed some stores.

“Remember, many of them opened right in the midst of a pandemic,” Yassi told the publication. “So we didn’t have a lot of normal. We are experimenting with the choice, cash desk formats, assortment, price categories. I’m encouraged that we have some promising options.”

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texasstandard.news contributed to this report.

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