Latest in Andy Jassy

As it grew into a tech behemoth over its first two decades, Amazon was regarded as a sleeping giant in the digital advertising business, largely ceding the market to the duopoly of Facebook and Google. It is now very much awake, and CEO Andy Jassy believes it has “barely scraped the surface” of the…

Amazon is laying off another 9,000 workers as job cuts in the tech sector expand at a time of growing economic uncertainty. It follows cuts last fall and early this year. “Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more…

Warner Bros Discovery chief executive David Zaslav earned $232 million in excess compensation in 2021, according to As You Sow's latest annual ranking of the most overpaid CEOs among S&P 500 companies. Amazon, Apple, Disney and Netflix are also high up in the group’s ninth report that looks beyond total…

UPDATED with latest: As Amazon CEO Andy Jassy promised on January 4, Amazon today began another round of layoffs in its human resources and stores divisions, according to reporting from the Seattle Times. Back in November, cuts happened in Amazon’s Devices and Books businesses, along with voluntary…

Given the steep downturn in Amazon’s stock price and stiff operational challenges ahead, could Jeff Bezos pull a Bob Iger and return as the company’s CEO? One investor is predicting that scenario will play out in 2023. A comeback by Bezos, who handed the reins to longtime company vet Andy Jassy in…

Amazon's future in streaming video has come into greater focus in 2022 with the acquisitions of Thursday Night Football and MGM and the debut of LOTR: The Rings of Power. Now, the onetime bookseller is headed into 2023 without the original architect of its expansion into TV and film via Prime Video, Jeff B…

The Kyrie Irving-boosted book and film Hebrews to Negroes: Wake up Black America will remain for sale on Amazon, CEO Andy Jassy confirmed, despite a celebrity-backed petition calling for their removal. In an appearance at the New York Times DealBook conference, Andy Jassy described the task of…

Following its MGM purchase, Amazon chief executive Andy Jassy anticipates a continued ramp-up of investment in entertainment as Prime Video content proves highly successful in spurring signups of Amazon Prime. The biggest investment so far is its recently closed $8.45 billion acquisition of the studio behind James…

Andy Jassy, a longtime Amazon exec who became the company’s CEO last summer, received $212.7 million in total compensation in 2021, according to an SEC filing. The pay package, virtually all of it in the form of a stock award, was roughly six times what he received in 2020, $35.8 million. Jassy had previously been CEO…

Amazon fell short of Wall Street analysts’ estimates in the third quarter — the first with CEO Andy Jassy at the helm — amid a slowdown relative to the pandemic boom of 2020. Net income fell nearly in half compared with the year-earlier period, hitting $3.2 billion, or $6.12 per diluted share. Analysts had expected…

Amazon saw second-quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 7% in late trading. Consumers still shopped a lot on Amazon but growth was tempered as the world reopened — compared with the year-ago quarter when the global pandemic was at its height. Net…

Amazon has awarded veteran exec Andy Jassy more than $214 million in stock grants, which will vest over a 10-year period, as he gets set to replace Jeff Bezos as CEO. The tech giant revealed the award in an SEC filing this evening. The changing of the executive guard will happen Monday. Jassy has been heading up…