Recently, Jeff Bezos Says Amazon Must Treat Workers Better After Union Vote.
For years, Jeff Bezos has made a religion of putting the customer first at Amazon.com Inc. Now, with a contentious union vote behind him and the end of his reign as chief executive officer nearing. The world’s wealthiest person says it’s time to focus more on the welfare of the company’s workers.
Jeff Bezos is ready to change at Amazon
“I think we need to do a better job for employees,” he said in a letter to shareholders. “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 – a vision for their success.”
Bezos is stepping down as CEO later this year to become executive chairman. It was clear that legacy was on his mind in the final missive to investors in his current role.
Referring to employees, Bezos says he wants to add two elements to Amazon’s customer-eccentric credo. “We are going to be Earth’s Best Employer and Earth’s Safest Place to Work,” he said.
Bezos said Amazon doesn’t set unreasonable performance goals for workers. Thus 94% of Amazon’s employees already say they would recommend working there to a friend.
“The impact on Amazon’s reputation by this campaign has been devastating, regardless of the vote result,” RWDSU President Stuart Appelbaum said in a statement. “We have initiated a global debate about the way Amazon treats its employees. Bezos’s admission today demonstrates that what we have been saying about workplace conditions is correct. But his admission won’t change anything, workers need a union -- not just another Amazon public-relations effort in damage control.”
The Bottom Line
Jezz Bezos is bleak by amazon union.
As a matter of fact, Jeff Bezos founded the world’s largest online retailer and cloud-computing company. That ranks highly in polls of popular brands and trusted institutions. However, Amazon has been challenged by regulators, labor unions, and activists worldwide in the last year. Some of whom make the case that the company reached its perch through aggressive business tactics that left a trail of vanquished competitors, shortchanged partners, and burnt-out workers.
In the letter, released Thursday, Bezos argues that Amazon’s success emanates from its track record of invention and adding value to society. “Any business that doesn’t create value for those it touches, even if it appears successful on the surface, isn’t long for this world,” he said.
In an extremely back-of-the-envelope tally for 2020, he added up the company’s returns to shareholders, employee pay, profits of the small sellers on Amazon. He saved time and money from shoppers and cloud-computing customers—the sum: $301 billion.
Bezos also said the company had 200 million Prime subscribers, up from 150 million at the beginning of 2020.
Bezos closed his note with a reference to his original 1997 shareholder letter, which would become a yearly touchstone for the company. “To all of you: be kind, be original, create more than you consume, and never, never, never let the universe smooth you into your surroundings. It remains Day 1.