Amazon ended the fourth quarter with 1,525,000 employees, up by 25,000 people from the third quarter but down 1% from a year ago, and still well below its peak of… Read More
Amazon ended the second quarter with 1.46 million employees, including both corporate and warehouse workers, about 4,000 fewer employees overall than the company reported three months earlier. It was a… Read More
After soaring during the pandemic, the cloud is getting dragged down by the economy, and both of the Seattle region’s tech giants are feeling the impact. Microsoft said its Azure… Read More
This week on the GeekWire Podcast, we play highlights and offer our thoughts on the recent earnings calls of Amazon, Apple, Microsoft, Meta and Alphabet, seeking to better understand what’s… Read More
Amazon wants to expand long-term into areas such as a healthcare, self-driving taxis, and home robots, but two data points from its latest results reveal a more fundamental transformation already… Read More
Amazon’s direct workforce declined by 99,000 employees from the first to the second quarter, to 1.52 million people, the largest sequential drop in its history, after overstaffing its warehouses to… Read More
After doubling its fulfillment capacity and hiring hundreds of thousands of workers to meet demand during the pandemic, Amazon is determined to get costs under control and return its consumer… Read More
Amazon added warehouse space faster than it ultimately needed in response to the challenges of the pandemic, outpacing consumer sales and resulting in an extra $2 billion in costs in… Read More
Amazon is finding it necessary to boost wages and increase its use of incentives to fill some of its open positions, resulting in higher costs in its fulfillment network. “We… Read More
Amazon posted net sales of $113.1 billion for the second quarter, up 27%, but fell short of Wall Street expectations, sending its stock down 5% in after-hours trading. The result… Read More
Amazon’s total number of full- and part-time employees fell to 1.271 million people in the first quarter of 2021, down 27,000 positions from the fourth quarter of 2020, according to… Read More
Amazon’s first quarter earnings report last week presented analysts and investors with a financial mystery. The company’s profits were much higher than expected, an operating margin of 7.4 percent, almost… Read More
Pittsburgh was Mister Rogers’ neighborhood, but a couple key connections could make it a front runner to become Mr. Bezos’ second neighborhood. Some of Amazon’s top executives have close ties… Read More
Amazon had no shortage of impressive stats to present to its shareholders at its annual meeting in Seattle this morning. Annual revenue rose 27 percent to $136 billion in 2016, operating… Read More
It has been exactly 20 years since Amazon.com made its initial public offering of stock, on May 15, 1997, and the company this morning marked the milestone by ringing the opening… Read More
Amazon added more than 110,000 employees during the past year, topping 341,000 people as of the end of 2016 thanks largely to a significant increase in the Seattle-based tech giant’s network of fulfillment… Read More
Updated with comments from Amazon CFO Brian Olsavsky. Amazon posted $32.7 billion in revenue in the third quarter, up 29 percent, and stayed solidly in the black with profit of $252… Read More
Amazon’s net sales for the second quarter rose 31 percent to $30.4 billion, coming in at the high end of its own forecast and significantly exceeding Wall Street estimates with earnings… Read More