Amid the raging pandemic and associated economic downturn, (AMZN)com’s Jeffrey Bezos returned to actively manage the e-commerce giant he started, deftly steering it through a period of huge opportunity—and tremendous risk. Shoppers have accelerated their adoption of e-commerce in the face of the widespread shutdown of retail stores, and the Amazon Web Services business has benefited as companies shift more computing away from old-school data centers to the cloud. Amazon hired 175,000 additional staff in the middle of the crisis, as it struggled to keep up with demand and, for a brief period, stopped accepting shipments of nonessential goods from third-party sellers. Read More...
Amid the raging pandemic and associated economic downturn, (AMZN)com’s Jeffrey Bezos returned to actively manage the e-commerce giant he started, deftly steering it through a period of huge opportunity—and tremendous risk. Shoppers have accelerated their adoption of e-commerce in the face of the widespread shutdown of retail stores, and the Amazon Web Services business has benefited as companies shift more computing away from old-school data centers to the cloud. Amazon hired 175,000 additional staff in the middle of the crisis, as it struggled to keep up with demand and, for a brief period, stopped accepting shipments of nonessential goods from third-party sellers.
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