It is well known by now that Amazon (AMZN) has benefited immensely from COVID-19, drawing in new customers who prior to the viral outbreak had no experience of the e-commerce world. However, with the outsized demand has come the need to increase the workforce. Before the summer, Amazon hired an additional 100,000 workers and last month in anticipation of the holiday season, announced another round of hiring, intent on adding another 100,000 staff members.While Benchmark’s Daniel Kurnos believes “costs could be a potential headwind for 2H20,” the 5-star analyst points out the continued uptick in COVID-19 cases, particularly in Europe …read more
Source:: Yahoo Finance
