Amazon CEO

Amazon CEO Andy Jassy has said that the e-commerce giant made "the very difficult decision" to eliminate about 27,000 corporate roles and like most leadership teams, it will continue to evaluate what "we're seeing in our business and proceed adaptively".Addressing the analysts after declaring a robust March quarter result, Jassy said while the company has taken several actions to streamline costs, "we've been able to do so while still pursuing the key strategic long-term investments"."This past year has seen us do a fair…

Amazon.com Inc did not grant its Chief Executive Andy Jassy any new stock in 2022, shrinking the pay gap between the online retailer's top boss and rank-and-file employees, the company said on Thursday in a securities filing. At the same time, it awarded more than $40 million each to the recently elevated CEOs of e-commerce and cloud businesses, at 2022 share prices, while Jassy took home a similar amount from his own earlier grants, the filing showed. Amazon for months has grappled with inflation and recession fears that…