Featured in this episode of Chaos Lever
Citing increased productivity, improved team building, and zero hard data, CEO of Amazon, Andy Jassy is requiring almost all of the 300k corporate staff at Amazon to return to the office at least three days a week.
Clearly Jassy is concerned about the slowing growth of Amazon in 2022, where they eked out a slim 9.4% increase over the previous year. Compared to increases of 21.7% in 2021 and 37.62% in 2020, it certainly does seem like things have shifted for Amazon.
As the ostensible head of the company, Andy has to appear to be doing something. What better than to force everyone back into the office, surely that’s what empowered previous growth?
Nevermind the 21.7% revenue growth in 2021, which happened during the pandemic, while people were working at home. Clearly, being in the office will return us to our former glory?
What we’re actually seeing here is a return to form after three years of supreme weirdness. Amazon’s revenue for 2022 was $513B, and you simply cannot maintain 20% annual growth on such a large number. $44b in growth is perfectly acceptable, and in line with pre-pandemic growth on a dollar basis.
Maybe shareholders could learn how to do actual math? Nah, infinite growth forever!