Amazon (NASDAQ:AMZN) is an International e-commerce company, based in the United States. It started as an online book store, back in 1994, and went on to sell DVDs, CDs, video and MP3 downloads or streaming. Next in line were software, video games, electronics, furniture, food, toys also jewelry. Its main consumer electronics came in the form of Amazon (NASDAQ:AMZN) Kindle e-book reader, the Kindle Fire Tablets, Fire TV and Fire phone and is now also the major contributor of Cloud services.
In the past it has come to light that Amazon (NASDAQ:AMZN) provided its employees with poor working conditions in different parts of the globe. These included working in extremely hot conditions that caused employees to dehydrate and collapse. Orders were picked through handheld scanners, making work very tedious and slow. Then reports came in from Germany, that some guards at the Amazon (NASDAQ:AMZN) distribution center came dressed in pro-Nazi uniforms and intimidated foreign workers.
Another issue Amazon (NASDAQ:AMZN) faces every holiday season is that it falls behind in completing orders. So this year, Amazon (NASDAQ:AMZN) is creating an additional 80,000 positions in its US branches for fulfillment of orders in the holiday season, as demand reaches sky high. These seasonal employees could also be hired as full time employees, depending on performance. This year, Amazon (NASDAQ:AMZN) has already hired 10,000 seasonal employees to full time employees.
According to Mike Roth, the Amazon (NASDAQ:AMZN)’s vice president of North America operations, the company has taken an impressive initiative to add more to their work force, that eases burden of their existent employee population. This is also an opportunity to be a part of programs like Career Choice, which gives them the opportunity to continue their studies alongside.
In terms of revenues and loss, Amazon (NASDAQ:AMZN) has lost its capital in the last quarter and similar results are expected for this quarter. Net sales for 2014 have increased 23% to $19.34 billion this quarter. Whereas the same quarter last year, they were $15.70 billion. Within the foreign market the net sales grew 22% over the second quarter 2013 figures.
Operating loss rounded up to $15 million for 2014 in the second quarter. The net loss was of $126 million, with the share value weakened by $0.27. The net loss last year accumulated to $7 million for the same quarter, with a $0.02 per diluted share.
By the end of the third quarter, the expectations indicate a growth of $19.7 billion to $21.5 billion, with growth percent of 15% to 26%. These figures are in comparison to the profits generated in 2013.
Operating loss is being foreseen as $810 million and $410 million, in comparison to $25 million for the third quarter in 2013.
These figures are concluded with no further business acquisitions, investments, restructurings or legal settlement in mind. A $410 million is expected for stock compensation and return on intangible assets.
Now time will tell if these additional 80,000 workers contribute to the losses or help with generating impressive revenue figures.
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