Jeff Bezos, the former boss of Amazon, shared his “wise” economic advice a few days before the start of Black Friday. One of the richest men on the planet urges users to watch their spending during this time of crisis. Thanks Sherlock.
Here is a rather stunning statement from one of the richest men on the planet. During a lengthy interview given to our colleagues from CNNformer Amazon boss Jeff Bezos gave some “wise” economic advice for consumersjust a few days before the start of Black Friday.
Indeed, the journalist asked the billionaire if people should “batten down the hatches” in these increasingly difficult economic circumstances, marked in particular by growing inflation in many countries around the world.
“My advice to people is to take a measured risk. If you are an individual and you are considering buying a new big screen TV, perhaps slow down your purchases. Keep that money and see what happens. Same thing for a refrigerator or a new car, or whatever,” said the CEO of Blue Origin.
Has Amazon lost faith in Black Friday?
You will agree, this advice is not extraordinary and is common sense. Nevertheless, it is rather surprising to see such instructions coming from one of the wealthiest men on the planet. Especially at the dawn of a period, in this case Black Friday, renowned for its bargains. Remember that the e-commerce giant, like many companies, is facing a much more difficult business environment this year than at the start of the pandemic in 2020.
As our colleagues from the Telegram, the Seattle firm has lowered its sales forecast for the 4th quarter of 2022 to 140 billion dollars instead of the 155 originally planned. We also know that Amazon lost nearly $1 trillion on the stock market, a first in its history.
In addition, the company recently announced the mass layoff of more than 10,000 jobs out of its 1.5 million employees worldwide. That is nearly 3% of the total workforce. Note that it is not the only one, since Meta also plans to lay off 11,000 people, just like Twitter (about 3,000 employees). Anyway, we are not sure that Jeff Bezos’ statement was viewed favorably by the current employees of the American company, not to mention those who were fired…
