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Started By
Message
Sounding like Amazon is going to kill off their Baton Rouge project
Posted on 4/28/22 at 3:55 pm
Posted on 4/28/22 at 3:55 pm
AMAZON "'NO LONGER CHASING PHYSICAL OR STAFFING CAPACITY". Amazon just posted a $3.8 billion dollar quarterly loss a few minutes ago.
CFO said Amazon "doubled their fulfillment network since Covid began and now they have "too much space"
This is from their Earnings Call that is taking place right now. So expect the national media to break the story shortly. Also expect significant layoffs from Amazon as they just admitted the company is now bloated with employees.
Carol Massar: "Too Much Space.....Too Many People"
CFO said Amazon "doubled their fulfillment network since Covid began and now they have "too much space"
This is from their Earnings Call that is taking place right now. So expect the national media to break the story shortly. Also expect significant layoffs from Amazon as they just admitted the company is now bloated with employees.
Carol Massar: "Too Much Space.....Too Many People"
This post was edited on 4/28/22 at 4:13 pm
17
Posted on 4/28/22 at 3:56 pm to MrLSU
Might be scared it’s going to be union
Posted on 4/28/22 at 3:56 pm to MrLSU
Louisiana gonna Louisiana
Posted on 4/28/22 at 3:57 pm to MrLSU
Any more info or context?
Posted on 4/28/22 at 3:57 pm to philly444
They are finding out that building out these physical spaces is costing them billions because they only serve as return centers for consumers.
Amazon CEO: "Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies
Amazon CEO: "Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies
This post was edited on 4/28/22 at 4:01 pm
Posted on 4/28/22 at 3:57 pm to MrLSU
Damn city can't win for losing.
Posted on 4/28/22 at 3:58 pm to MrLSU
Any links to this?
Posted on 4/28/22 at 3:58 pm to MrLSU
Maybe they are fully hired up but the timing does sound like they probably are gonna hold up on expansion
Posted on 4/28/22 at 3:58 pm to MrLSU
Something about there needing to be a loop
Posted on 4/28/22 at 3:58 pm to jlovel7
quote:
Any more info or context?
no, coz dey ain't none.
Posted on 4/28/22 at 3:59 pm to MrLSU
quote:
Amazon just posted a $3.8 billion dollar quarterly loss a few minutes ago.
wouldn't that be like 5 bucks to you or me
Posted on 4/28/22 at 4:00 pm to MrLSU
Another boom doomed by Broome coming soon.
Posted on 4/28/22 at 4:00 pm to MrLSU
quote:
Amazon just posted a $3.8 billion dollar quarterly loss a few minutes ago.
Damn.
Posted on 4/28/22 at 4:01 pm to MrLSU
Amazes me the jack offs that jump on here and post BS stuff with no context or supporting info. Pissed at the world clock pinchers that don’t want anyone or any company to be successful.
Posted on 4/28/22 at 4:03 pm to LSUMaverick
Town Square Capital
Also means that Amazon is about to layoff a lot of employees.
The quotes were from their Earnings Call a few minutes ago so I'm sure the media will cover it shortly.
Also means that Amazon is about to layoff a lot of employees.
The quotes were from their Earnings Call a few minutes ago so I'm sure the media will cover it shortly.
This post was edited on 4/28/22 at 4:05 pm
Posted on 4/28/22 at 4:06 pm to MrLSU
Without even opening the link I bet the OP is full of shite about the BR location not happening
Posted on 4/28/22 at 4:06 pm to MrLSU
That one quoted phrase alone does not indicate projects already under completion or planned distribution centers. It could easily mean tentative projects or future site acquisition.
Posted on 4/28/22 at 4:09 pm to GetBackToWork
If they currently have "too much space" per the CFO why in the hell would they continue to build out more? They are also now on a de facto hiring stoppage with significant layoffs coming. It does not take a brain surgeon to put two and two together.
Posted on 4/28/22 at 4:14 pm to MrLSU
quote:
CFO said Amazon "doubled their fulfillment network since Covid began and now they have "too much space"
frick em. More space than ever and slower delivery than ever.
Posted on 4/28/22 at 4:16 pm to MrLSU
quote:
MrLSU
It's amazing how so many on this board are self-defeatist.
Amazon is building the Cortana location to be a state of the art gem, one of the largest in the system, with a high degree of robotics.
If any centers need to be concerned, it would be the smaller, less efficient ones.
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