![]() We hired about 300,000 people last year alone which was a lot of people but at the same time, even though we hired a lot of people, we couldn't hire all the people we needed in all the places that we needed and so that created all sorts of challenges in placing inventory close to our customers as we typically do and when you have to place it a little bit further away, it means you have longer transportation costs to get there. You know, we had, we had to double our fulfillment center network. ![]() And at the same time when you grow that fast and with some of the things happening in a world, there are also challenges. So it's really been a time of extraordinary growth. We had a fulfillment center network that we built in, it's a pretty big network that we built over 25 years that we had to double in 24 months. JASSY: Well, it's quite an interesting time and and, you know, we we grew three times faster than we expected in 15 months. How do you, how do you just see things as they are right now? I mean, you've been here for a very, very long time, but in this new role, and we're all now talking about supply chain issues, the pandemic seemed to be over and now we have issues in China and what that's going to mean, big inflationary pressures. ![]() Let me talk about your letter and let me talk and let's talk about what's going on right now because one of the things that's so fascinating in this letter this morning is just what's happened during this company, to this company during your new time here. That's what you guys are all talking about that. SORKIN: You think Elon Musk is gonna ultimately be the buyer? JASSY: It sounds like somebody else is gonna own Twitter. SORKIN: Do you, would you ever think Amazon should own a Twitter? I ask because I think of Walmart at one point wanted to get involved with TikTok and social medias, the next thing. It'll be interesting to see how it evolves. I woke up just sort of I don't know how you wake up at this hour every day but, and just heard the news and it's interesting we all use Twitter obviously to some degree and it's it's a very interesting service and capability. What do you make of this this Twitter bit? ![]() But the other big piece of the news that we've been talking about all morning is Elon Musk who does sort of loom large here in certain ways given that you're now competing with him when it comes to space or at least Jeff is on that front and Kuiper with the satellites and also know Zoox with with your vehicles. SORKIN: It's very nice to have you here on what's turned out to be a very jam packed news day and I want to talk about your letter in just a moment because it is a major piece of the news in the morning. This has posters of basically with signatures of every frankly new product that's been developed at the company over the many years.ĪNDY JASSY: A lot of them. Andy Jassy joins me right now in an exclusive interview right here in a room by the way we were talking about this earlier. ĪNDREW ROSS SORKIN: Welcome back to "Squawk Box." We are live in Seattle at Amazon's headquarters this morning where Amazon CEO Andy Jassy just published his first shareholder letter since taking the helm of the company last summer. Personal Loans for 670 Credit Score or Lowerįollowing is the unofficial transcript of a CNBC exclusive interview with Amazon CEO Andy Jassy on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) airing today, Thursday, April 14 th. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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