The giant e-commerce retailer overhired during the earlier stages of the pandemic.
Amazon (AMZN +1.62%) overinvested in capacity at the pandemic's onset when sales were booming. It now must take corrective action to rightsize the employee base.
*Stock prices used were the afternoon prices of Jan. 5, 2023. The video was published on Jan. 7, 2023.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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