In November 2022, Andy Jassy, the new CEO of Amazon, met with approximately 12 top investors in Seattle. Amazon had incurred significant losses, causing concern among shareholders. However, Jassy managed to convince them with his long-term plans to improve retail and cloud operations efficiency within the company. Since then, Amazon has experienced notable growth, pushing its market value to over $2 trillion.

Andy Jassy successfully shifted the company culture by focusing on cost reductions and more moderate investments, departing from the growth-at-all-costs approach previously practiced under Bezos. Under his leadership, long-term projects were scrapped, and a significant number of jobs were cut, leading to a substantial improvement in the company’s financial performance. Jassy has demonstrated attention to detail and internal communication, revitalizing aspects of Amazon’s original economic culture.

Under Bezos, Amazon prioritized growth over profit, but with Jassy, the company has begun to achieve much stronger financial results, as indicated by recent reports. Jassy approaches Wall Street with a heightened awareness of market sentiments, effectively responding to investor demands.

In summary, Andy Jassy has transformed Amazon from a state of decline to renewed growth through his strategies focused on thrift and efficiency, earning broad support from both investors and employees alike.