In its earnings report, Amazon’s operating profit was down by nearly half year-over year, to $3.5 billion, due in part to higher cost of labor in its warehouse and logistics network. Amazon shares are down 15% from their peak in July 2021, even after a 13.5% jump in the share price on Friday, the day after the company’s fourth-quarter earnings report last week. The increase in the base pay cap is notable in part because it’s less volatile than stock awards tied to fluctuations in the company’s share price.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |