The Spark

the Voice of
The Communist League of Revolutionary Workers–Internationalist

“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx

Jeff Bezos Gets Richer, Amazon Workers Get Axed

Feb 26, 2024

Jeff Bezos, the founder of Amazon, just sold another 8.5 billion dollars worth of Amazon stock. Amazon’s stock has gone up 12% so far this year. A share is worth almost 170 dollars.

Bezos still has more than 900 million Amazon shares worth roughly 158 billion dollars. And his net worth is in the neighborhood of 191 billion dollars.

Meanwhile, Amazon has cut 27,000 jobs over the past year and more job cuts are promised. It’s not an accident that the value of Amazon stock is increasing. It is because of the layoffs.

Maybe Bezos can afford to not care about these 27,000 workers, but we workers cannot.