![]() ![]() In addition to the company’s plummeting value, Amazon has been battered by rising inflation and supply-chain constraints over the past two years that has dragged down consumer spending and stymied the company’s relentless rise over the past two decades. Replacing him was Andy Jassy, former CEO of Amazon Web Services, the company’s cloud computing branch.īut Jassy’s tenure at the helm of Amazon has been rocky at best as the new CEO faced a number of challenges. ![]() Amazon’s troubled watersīezos left his role as Amazon CEO in 2021-while holding on to a position as executive chairman-to focus on side projects and other ventures, including his space exploration and rocket manufacturing company, Blue Origin. The company’s losses over the past year have forced it to plan for mass layoffs over the next few months affecting more than 18,000 jobs-the largest workforce reduction in the company’s history.Īmazon did not immediately reply to Fortune’s request for comment. The same office, but with a different individual seated alongside Bezos, was featured in a "60 Minutes Australia" interview that aired in 2000, as per the program's official YouTube account.Amazon missed its earnings estimates and downgraded sales expectations when it reported third-quarter earnings last October. His introduction to Bezos also poked fun at the billionaire's unusual laugh: "You generally hear him before you see him It's the ear-piercing laugh of billionaire Jeff Bezos." "More like a college dorm than a corporate headquarters," Simon said. Amazon was a relatively new phenomenon, but Simon was incredulous about the state of the office. ![]() "And you don't need clean carpets," Simon retorts.Īt that point in 1999, Simon described Bezos as "a giant" and a "titan of our time." Bezos was a billionaire who still worked out of dingy Seattle offices. In response, Bezos says, "It's a symbol of spending money on the things that matter to customers, and not spending money on the things that don't." Earlier in the interview Simon says of Bezos' desk, which happens to be an old door, "Come on! You can afford a better desk than that." ![]()
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