【Watch Project Power Online】

Jeff Bezos is Watch Project Power Onlinestepping down as Amazon CEO and transitioning to a new role of executive chair of the Amazon board.

The billionaire founder isn't moving away from the company entirely, it seems, but rather redirecting his energy on new products and forward-looking initiatives.

"As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions," Bezos wrote in an email to employees. "I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have."

Bezos has already named Andy Jassy as his replacement. Jassy currently leads Amazon Web Services.

Sure this is major business news. And yes, there are probably some huge real-world implications. But you know, we rounded up some jokes about Bezos leaving the CEO job. Because if you can't laugh at one of the richest people in the world, who can you laugh at? So, here you go, eight jokes and memes about Bezos.

1. When you try out these arms, and you're Jeff Freaking Bezos, you know exactly what you're doing

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2. This is the planned Amazon HQ2 and this not outside the realm of possibility

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3. We all have our struggles

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4. Just gonna drop this here and back away

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5. Cannot be a coincidence

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6. They've got a point

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7. I just...this is so good

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8. A wise man once said, "You miss 100 percent of the shots you don't take"

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Related Video: The average worker would have to work 2.8M years to earn as much as Jeff Bezos

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