Amazon expects 'several billion' in extra costs from increased wages, supply-chain issues, and rising shipping costs
An Amazon building.
Pascal Rossignol/Reuters
Amazon's sales are growing, but profitability is shrinking due to labor and logistics costs.
AWS saw continued strong expansion, but physical store sales growth appeared to stall.
The company also added 133,000 workers during the quarter, bringing the workforce to nearly 1.5 million.
Amazon's sales continue to grow, but profitability continues to be hampered by labor and logistics challenges, the company said on Thursday."In the fourth quarter, we ex
Read more »