In his first Amazon shareholder letter, CEO Andy Jassy talks AWS, Prime, and labor

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Andy Jassy, who became Amazon's CEO last year, has released his first annual letter to shareholders, which acts as a recap of how the company did in 2021, and outlines its goals for the future. The subject of the letter is familiar to Jassy, who was the CEO of Amazon Web Services. The letter talks about supply chain disruption, labor shortages, and Amazon's focus on getting out more Prime packages faster.

Labor is a hot-button topic for Amazon. Jassy addresses reports that the company has higher injury rates than the industry average for warehouse workers by saying that it is working to solve the pain points of the top 100 employees. Amazon is currently in the middle of two disputed unionization elections, one in Alabama where the union objected to the actions of Amazon, and the other in Staten Island, New York where Amazon objected to the historic win of the union. The LDJ5 facility is where the union election will be held on April 25th.

The shareholder letter can be read here. It's lengthy, and how much value you get from it will depend on how interested you are in Amazon's business, but it could provide some insight into the tone Jassy is trying to set for his tenure at Amazon. If you're interested in learning more about him, we have a great writeup on his history with the company, which you can read here.

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