Is Jeff Bezos Returning to Amazon in 2023? | 2023 Predictions
Is Jeff Bezos Returning to Amazon in 2023? | 2023 Predictions
2022 was a rocky year for some. For Amazon, this is no exception.
Jeff Bezos, CEO of Amazon for 27 years, stepped down in July 2021 to be replaced by Andy Jassy, former head of the Amazon Web Services unit (AWS). Since his leave, Amazon stock has lost 52% of its value.
This difficult last year clashes with the success brought by the pandemic. In April 2021 during the height of lockdown and the online shopping craze, Amazon’s profit increased by 220 percent, and the number of items Amazon sold grew by 44%. Later that year, Bezos announced his step down to his new role as executive chairman to focus on “new projects and early initiatives”.
Jeff Bezos predicted to return to Amazon CEO position in 2023.