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E Commerce And Its Impact On The Video

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Bezos will become executive chairman. Bezos announced his decision to step down in the earnings release and in a memo to employees, noting that he will focus on "new products and early initiatives" in his new role, including the Day One FundBezos Earth FundThe Washington Post and his private space company Blue Origin. People yawn.

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That Onn is the greatest compliment an inventor can receive," Bezos wrote. During a call with investors, Amazon CFO Brian Olsavsky said the company has a "highly effective" succession plan in place that will enable a smooth transition for Jassy to take the helm as CEO. Jassy now has a chance to "put an imprint on Amazon," Olsavsky said, though he noted Bezos won't be far away from the company in his new role as executive chairman. He is getting a new job," Olsavsky said. Olsavsky attributed the step down in Covid costs to a shift in volume.

Amazon's blockbuster fourth-quarter results were driven in part by what the company called a "record-breaking holiday season," during which it delivered more than a billion products to shoppers worldwide.

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Continued accelerated e-commerce demand and a pandemic-delayed Prime Day also contributed to Amazon's record revenue in the quarter. The company has gone on a hiring spree in order to keep up with the demand spike.

E Commerce And Its Impact On The

Amazon said it hirednew full- and part-time employees in the fourth quarter alone, which is more than triple the 50, employees it hired in the year-ago period. Amazon now counts nearly 1. Skip Navigation.

E Commerce And Its Impact On The

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