Best learnings from Amazon Chief Jeff Bezos resignation letter

Jeff Bezos has other important pursuits is the most important reason for his resignation from CEO post of Amazon. However, in a letter to Amazon employees, Mr Bezos said he will have more time to pursue his other projects by stepping down as Amazon’s CEO. Here is what he wrote to his employees.

He started the letter with the annoucement that he will step down in Quarter 3 2021, Andy Jassy will be the CEO . Here is what he said. He was confident about Andy leadership qualities. Here is a leader who is well aware of his commanders ability to lead and full confidence about his abilities. He is willing to share it publicly without hesitation.

Like a true professional ,he highlighted the reason of the new development in the first paragraph itself. In case the young readers,want to know the reason asap.So, he knows who is his audience which is obvious looking at his revenue figure of 1 trillion dollars.

I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.

He further added about how it started when people did not know what internet was .

This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while.

He was proud enough to announce that Amzon has almost 1.3 million employees.

Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.

AS PER JEFF , invention was the key reason why Amazon has succeeded so much .

Invention. Invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.

I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be.

As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well.

He was happy about his team members and appreciative of their efforts and support .

I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team.

When you have a responsibility like that, it’s hard to put attention on anything else. Mr Bezos said: “Being the CEO of Amazon is a deep responsibility, and it’s consuming.

He like all world leaders wanted to further work on areas which he thinks he is passionate about.

He further added

“As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions.

“I’ve never had more energy, and this isn’t about retiring.”I’m super passionate about the impact I think these organizations can have.

Jeff Bezos resigns: Jeff Bezos

Jeff Bezos resigns: Jeff Bezos said he will have more time to pursue his other projects by stepping down as Amazon’s CEO (Image: GETTY)

“Amazon couldn’t be better positioned for the future.”We are firing on all cylinders, just as the world needs us to.”

Mr Bezos signed off his letter: “Keep inventing, and don’t despair when at first the idea looks crazy.”Remember to wander. Let curiosity be your compass. It remains Day 1.”

Amazon has just reported its third consecutive record profit and quarterly sales above $100billion for the first time.

Andy Jassy, who will succeed Mr Bezos as Amazon’s CEO, is currently chief executive of Amazon Web Services.Amazon Web Services is the company’s fast-growing cloud computing business.

Mr Jassy joined Amazon in 1997 after attending Harvard Business School.

The Full resignation letter of Jeff Bezos

Fellow Amazonians:

I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO. In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives. Andy is well known inside the company and has been at Amazon almost as long as I have. He will be an outstanding leader, and he has my full confidence.

This journey began some 27 years ago. Amazon was only an idea, and it had no name. The question I was asked most frequently at that time was, “What’s the internet?” Blessedly, I haven’t had to explain that in a long while.

Today, we employ 1.3 million talented, dedicated people, serve hundreds of millions of customers and businesses, and are widely recognized as one of the most successful companies in the world.

How did that happen? Invention. Invention is the root of our success. We’ve done crazy things together, and then made them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more. If you get it right, a few years after a surprising invention, the new thing has become normal. People yawn. And that yawn is the greatest compliment an inventor can receive.

I don’t know of another company with an invention track record as good as Amazon’s, and I believe we are at our most inventive right now. I hope you are as proud of our inventiveness as I am. I think you should be.

As Amazon became large, we decided to use our scale and scope to lead on important social issues. Two high-impact examples: our $15 minimum wage and the Climate Pledge. In both cases, we staked out leadership positions and then asked others to come along with us. In both cases, it’s working. Other large companies are coming our way. I hope you’re proud of that as well.

I find my work meaningful and fun. I get to work with the smartest, most talented, most ingenious teammates. When times have been good, you’ve been humble. When times have been tough, you’ve been strong and supportive, and we’ve made each other laugh. It is a joy to work on this team.

As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods. Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else. As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.

Amazon couldn’t be better positioned for the future. We are firing on all cylinders, just as the world needs us to. We have things in the pipeline that will continue to astonish. We serve individuals and enterprises, and we’ve pioneered two complete industries and a whole new class of devices. We are leaders in areas as varied as machine learning and logistics, and if an Amazonian’s idea requires yet another new institutional skill, we’re flexible enough and patient enough to learn it.

Keep inventing, and don’t despair when at first the idea looks crazy. Remember to wander. Let curiosity be your compass. It remains Day 1.

Jeff