Jeff Bezos Reminds His Staffs For The Amazon Bankruptcy Day

Shakti - Nov 17, 2018

Jeff Bezos: I predict one day Amazon will fail. Amazon will go bankrupt. The Amazon Founder claimed about the bankruptcy day in the meeting with his staffs.

Amazon recently informed 2 cities, New York's Long Island City and the Virginia suburbs of Washington DC, to become Amazon headquarters. These millions of dollar projects can bring more than 25,000 jobs for these two cities.

Jeff Bezos, the Amazon Founder

In the meeting between Jeff Bezos and his employees last Thursday, the Amazon founder was asked about the future of the company. They asked about the experience that he has gained from the recent confusion in the retail store, and especially from the bankruptcy of Sears, the American store chain.

The American retailer, Sears Corp., has been the leader in the American retail market for many decades, failed to adapt to changes in the market and recently declared bankrupt.

Sears, the American store chain.

The report also indicates that some employees are worried about Amazon's aggressive expansion plan. The number of Amazon's global employees is now more than 5.5 lakhs and keep rising daily. President Donald Trump worried about the job opportunity for US workers due to a large amount of Amazon's work opportunities being moved outside of the US country. Moreover, the EU government also opened the anti-trust probe against Amazon for its customers' data. For the company's staffs, the EU's anti-trust probe and the government regulations are the extremely big concerns at the moment.