![]() ![]() Amazon Prime day set sales records last month, despite the protests. Department of Defense, this country is going to be in trouble.”Įven still, investors do need to think about the financial cost of trading in their Amazon shares. When asked about doing business with the military, CEO Jeff Bezos seemed to get somewhat defensive saying “If big tech companies are going to turn their back on the U.S. military contract called JEDI - Joint Enterprise Defense Infrastructure. departments, as they are competing for a $10 billion U.S. ![]() Amazon isn’t the only company profiting from these activities, but it certainly doesn’t help employee morale or Amazon’s public relations.Īmazon clearly has no qualms about working with controversial U.S. Immigration and Customs Enforcement (ICE) identify and deport undocumented immigrants. If all that’s not enough to get you to return your shares of the retail giant, employees and protestors are concerned that Amazon is selling web services to companies helping the U.S. According to, Amazon staff also “held closed-door meetings with Toronto delivery companies on how to identify and prevent union-organizing attempts.” It will take time to transition its workforce, and there are few assurances that Amazon won’t continue to treat people like robots while they perform tasks that robots currently can’t. ![]() The corporation is quickly moving towards automation, replacing workers with robots and drones while spending $700 million on employee training its workforce into more technical positions. There are stories of cheated overtime, limited bathroom breaks and mental health challenges leading to suicide attempts. Employees have strictly timed quotas and are paid low wages to do strenuous work. But will that be enough for investors and employees? Over 8,100 Amazon employees have signed a letter asking tough questions about the Shipment Zero strategy and calling for Amazon to do more.Īmazon factories are notorious for their unrelenting pursuit of efficiency. It also launched a “Shipment Zero” strategy, committing to make all shipments net zero carbon with a 50% target by 2030. Amazon hasn’t publicly disclosed its carbon emissions but recently promised to start providing this information to investors later this year. Moving all this stuff around from warehouses to homes around the world comes at a large environmental cost. Understandably, it wants people to keep buying stuff we don’t need as it corners the market on overconsumption. Although it’s expanded into other areas including entertainment, robotics and cloud computing, about 85% of Amazon’s revenue still comes from online retail. From its humble beginnings as a book reseller, the company has grown to dominate online retail. ![]() There’s no denying Amazon’s growth has been astounding. Although these protests didn’t amount to much action, they certainly shone a light on Amazon’s many problems. Immigration and Customs Enforcement (ICE), the federal agency responsible for rounding up and deporting undocumented immigrants. A petition with 270,000 signatures was delivered to Amazon CEO Jeff Bezos calling for better worker rights and for the company to cut ties with U.S. It was hard to click “proceed to checkout” while workers and employees protested in Germany, the U.K., and the U.S. Even with all the buzz around Amazon Prime Day’s discount blitz earlier this month, I didn’t join the legions shopping online. ![]()
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