It’s quite a reversal from the early days of the pandemic when the e-commerce giant’s profits soared as homebound shoppers turned to online shopping to avoid contracting the coronavirus. The demand was so high that Amazon nearly doubled its workforce in the last two years to more than 1.6 million people.
Retail sales figures for June, due to be released Friday, will shed more light on how e-commerce is faring. The most recent figures from May showed online sales falling 1% while“This is a period of time when consumers are being much more frugal thinking about how they’re spending and buying,” said David Niekerk, a former Amazon vice president of human resources who oversaw operations. “That’s having an impact on Amazon.
Preliminary data from the real estate marketplace provider Costar Group suggests the company is disproportionately shutting down its smaller facilities, which tend to have fewer loading docks and parking and are less efficient to operate, said Adrian Ponsen, Costar’s U.S. director of Industrial Analytics.
The issue might be solved naturally by the company’s high attrition rate. Saunders said Amazon is also likely to find use for the excess labor as the holidays approach, and might be able to rein in the problem by not hiring new workers in locations where they’re overstaffed.
...Do I need to remind you that amazon announced during the pandemic, that they were going to open more brick and mortar stores? And then in March of this year they closed 68 stores while deciding to open a clothing store? NoLogic
More like short on stock
And far less sales than before. DON'T forget SubPrimeDay 🙈 Better advice is to buy items up to $25 and get free shipping. Those Prime items are made cheap like going to the swap-meet.
Give all profits from Prime Day to the poor. Build affordable housing and get the tents off the streets.
Malls and Amazon warehouses. These are the shelters that will house us for the upcoming apocalypse
BoycottPrimeDay Amazon needs to cut the shit and let all the employees have fair votes on unionization!!
Or, we know which party they have been donating to🤬 Boycott Amazon!
So are the major brick an mortar retailers
Shop local!
A good thing.
WHY IS THIS 'NEWS'
I canceled prime and don’t buy anything from Amazon anymore
I am black and I disagree with this!
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How to get $264 in free Amazon credits to shop Prime Day 2022Amazon Prime Day officially kicks off tomorrow and so far, some of the best 'deals' we've seen (aside from a free year of Grubhub+ for Prime members) involve free money in shopping credits you can earn through Amazon's various promotional opportunities.
Source: BusinessInsider - 🏆 729. / 51 Read more »