Amazon Could Run Out Of People To Hire — And Has An $8B Problem, Investor Says
Portfolio Pulse from AJ Fabino
Amazon.com, Inc (NASDAQ:AMZN) is expected to issue Q2 earnings of 34 cents per share on revenues of $131.54 billion. However, the company faces a potential $8 billion problem due to its high employee turnover rate, which was 3.9% in 2020, significantly higher than the industry average. This could deplete the available labor supply in the U.S. in certain areas within a few years. Inefficiencies in Amazon's internal learning and development programs could also have financial implications for the company.
August 04, 2023 | 2:06 pm
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Amazon's high employee turnover rate and inefficiencies in its internal learning and development programs could have significant financial implications for the company.
The high turnover rate could lead to a shortage of available labor in the U.S., which could hinder Amazon's growth. In addition, inefficiencies in the company's internal learning and development programs could lead to increased costs and decreased productivity.
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