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Amazon Closes, Abandons Plans for Dozens of US Warehouses
- egberts1 4y agoOf course, this is following Amazon losing against hoisting a union election. Nothing to see here. Their loss. https://www.theregister.com/2022/09/02/alu_victory_amazon_union/ https://www.theregister.com/2022/09/02/alu_victory_amazon_un...
- hirundo 4y agoI don't find the surface explanation hard to accept. Amazon expanded aggressively during the pandemic to meet huge demand. Post-pandemic demand has contracted significantly and they are responding to that. It would require an explanation to their shareholders if they were not responding to events.
- bsder 4y agoI would also add that Amazon seems to be losing ground to competitors. I mean, I actually have bought things from Walmart online recently. They were literally the only source I could buy the stuff from online. So, not only has Amazon lost to counterfeiters, now they're even losing the battle on the "selection" front.
- jet_32951 4y agoAmazon's losing it, here and there, on price as well. Their price for my cat's l-lysine supplement is 3/2 what it is from a well-known pet stuff supply. The price for my new sunglasses was matched by the manufacturer which also ships faster.
- shaburn 4y agoOr Could it by in addition to the recession "No Soft Landing Ahead to Save Stocks, Goldman’s Oppenheimer" https://www.bloomberg.com/news/articles/2022-09-02/no-soft-landing-ahead-to-save-stocks-goldman-s-oppenheimer-says/ https://www.bloomberg.com/news/articles/2022-09-02/no-soft-l... "Brace for ‘Recession Shock’ as Outflows Rock Equities, Bank of America Says" https://www.bloomberg.com/news/articles/2022-09-02/bofa-says-brace-for-recession-shock-as-outflows-rock-equities/ https://www.bloomberg.com/news/articles/2022-09-02/bofa-says...
- legitster 4y agoIs the insinuation here that Amazon is forgoing business in a dozen different locations... as a form of retaliation against completely unrelated workers? Or that unionizing affects their bottom line profitability enough to start cancelling operations?
- legitster 4y ago> “There remains some serious cutting to do before year-end -- in North America and the rest of the world,” said Marc Wulfraat, MWPVL’s founder and president. “Having said this, they continue to go live with new facilities this year at an astonishing pace.” > Maria Boschetti, an Amazon spokesperson, said it’s common for the company to explore multiple locations at once and make adjustments “based upon needs across the network.” This doesn't seem particularly notable then - they are continuing to grow their operation.
- nopay 4y agohttps://archive.ph/xrJQh https://archive.ph/xrJQh