Amazon reports its first unprofitable year since 2014

Separately, the company faces a protracted fight against an upstart unionization push. Amazon last monthat a Staten Island warehouse. Federal labor officials ordered the company to begin bargaining with the Amazon Labor Union. But the matter is likely to reach courts.

In recent weeks, Amazon received a series of citations for safety violations from federal inspectors at the Occupational Safety and Health Administration. This is for six warehouses in Colorado, Florida, Idaho, Illinois and New York.from twisting, bending and lifting that they perform as much as nine times per minute. The company was expected to appeal, and a spokesperson said the allegations didn't"reflect the reality of safety at our sites.

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Amazon reports its first unprofitable year since 2014The biggest culprit was Amazon hefty investment in the electric automaker Rivian, whose value plummeted last year. Amazon also contends with the need to recalibrate after a pandemic-era upsurge. Don't blame me. All my toilet paper comes from them.
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