Wednesday , September 28 2022

Jeff Bezos tells employees that Amazon "is not too big to fail"


Amazon is going to bankrupt one day, Jeff Bezos, executive director of an e-commerce store worth nearly $ 1 trillion, told his employees in an astonishing acknowledgment.

"Amazon is not too big to fail," Bezos said last week at a meeting in Seattle, where someone was asked about the company's future, according to a CNBC footage.

"In fact, I predicted that Amazon will be ruined one day, Amazon will go bankrupt." If you look at large companies, their lifetime lasts 30 years and not a hundred years, "he said, just days before the company announced its plan to Get caught in Kueens.

In particular, the employees asked Bezosa, 54, who learned lessons from the recent bankruptcies of Sears and other big traders.

The key to avoiding inevitability, Bezos continued, is that Amazon "possesses customers" and avoids looking inside, taking care of oneself.

"If we start focusing on ourselves, instead of focusing on our customers, it will be the beginning of the end," he said. "We must try to delay that day as long as possible."

Bezosa comments appeared shortly after the company announced it would open offices in Long Island City and Virginia suburbs in Virginia.

Despite Amazon's unprecedented success, with a workforce of more than 600,000 employees and an action that has been more than a quarter of 2013, some care for the pace of expansion.

During a previous meeting in March, Bezos asked whether technological companies like him had to be more closely regulated because of their market power and influence.

"The fact is that we are a big company," he said, according to the CNBC's recording. "It is reasonable for large institutions of any kind, whether it be companies or governments, to be questioned."

Several employees who agreed to talk with CNBC on condition of anonymity aroused concern over government regulation and potential for violations of antimonopoly relations because they look to the future of Amazon, which is expected to capture 48 percent of all online sales in the US this year reports on the news, citing eMarketer.

Amazon reporter did not comment on a meeting of all hands, but addressed antitrust issues quoting an interview with Vall Street Journal with Jeff Wilke, General Manager of the World Consumer Division.

In Vilke's part, Amazon is engaged in a diverse group of companies and has "less than one percent" of the global retail market.

Bezos has the The Washington Post, which has been crushed for some conservatives, including President Trump, who told Akios last week that his administration is seeking a violation of Amarant.

At last week's meeting, Bezos injected some moderation into his answer on how Amazon could survive, saying that the companies that made it the longest are trying to sell beer.

"Most companies that have been in the company for hundreds of years are brewers," he said, laughing. "It's very interesting – I'm not sure what it's about society."

Source link