Amazon Adds Another 133,000 Employees in Q3: the Costs Are Adding Up
Amazon (NASDAQ: AMZN) reported third-quarter earnings after the market closed on Thursday, Oct. 28. The results disappointed investors as its costs are rising rapidly, and sales are decelerating from the rapid growth rates of the pandemic's height.
A slew of difficulties are now presenting themselves as Amazon tries to run its massive business. Supply-chain disruptions are raising costs for materials and labor. To make matters worse, employees are asking for significantly higher wages because of on-the-job risks and a growing labor shortage.
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Source Fool.com
