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Jeff Bezos Shares Last Investor Letter as Amazon CEO: Read It Here

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April 19, 2021
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Amazon must do higher at taking good care of its staff, Jeff Bezos mentioned on Thursday in his last letter to shareholders as chief govt officer of the web retail big.

Bezos’ feedback got here simply days after Amazon warehouse employees in Alabama voted in opposition to forming a union by a greater than 2-to-1 margin — a significant win for the retailer that has fiercely resisted unionization for many years.

His final letter to shareholders as Amazon CEO will be read here.

“While the voting results were lopsided and our direct relationship with employees is strong, it’s clear to me that we need a better vision for how we create value for employees,” Bezos, the world’s richest man, wrote within the letter.

“I think we need to do a better job for our employees.”

Amazon, the second-largest personal employer within the US, has been criticised by a few of its 800,000 staff for having harsh working situations.

Bezos pushed again in opposition to that criticism in his letter, saying that studies that the corporate’s employees had been handled “as robots” had been inaccurate.

Bezos, who’s stepping down later this yr as CEO of the corporate he based in 1994, mentioned he deliberate to work on how you can make Amazon’s workhouses safer in his new function as govt chairman.

“His (Bezos’) admission won’t change anything, workers need a union – not just another Amazon public relations effort in damage control,” Stuart Appelbaum, president of the Retail, Wholesale and Department Store Union, mentioned in an announcement.

© Thomson Reuters 2021


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