By Ann Brown
Amazon CEO Jeff Bezos seems to see the writing on the wall. The company has been plagued by workers’ complaints, and most recently thousands of workers in German, Italy, the UK, and Spain walked out leaving the company stranded on what is considered the biggest shopping day of the year, Black Friday. They are demanding better pay and labor contracts for healthy working conditions.
Also, the announcement of Amazon HQ2 sites announcement has been met with controversy and protests. Amazon picked New York’s Long Island City and the Virginia suburbs of Washington, D.C., and announced plans to add 25,000 jobs in each location. But area residents in New York are not too happy.
So it’s no wonder that Bezos realizes Amazon will not be around for generations to come.
“Amazon is not too big to fail,” Bezos said in a meeting with employees in March that was just made public by CNBC. “In fact, I predict one day Amazon will fail. Amazon will go bankrupt. If you look at large companies, their lifespans tend to be 30-plus years, not a hundred-plus years.”
According to Bezos, the company can extend Click here to read entire article