AMZN

Thank you for standing by. Good day everyone and welcome to the Amazon.com Q1 2022 financial results teleconference. [Operator instructions] Today's call is ...

But we made it through Q4 with the anticipation that we'll be able to hold our labor for Q1 and labor certainty would be a lot better and certain in our network. When you look out to the back part of the year, not asking for how you might guide, but there's a typical cadence to fulfillment expense build and employee build and headcount build into the back part of the year as you build the capacity toward the holidays. It's a combination of productivity at the employee level, but it's also a matter of productivity of the -- and harmonization of the network, having the right demand in the right -- excuse me, the right capacity and the right demand matched at the warehouse level and the transportation node level. In terms of the $4 billion number you're calling out, maybe the first part of the question would be, is that entirely the additional issues that are now front and center versus the issues we talked about from Q4 into first half of '22 from a logistics and supply chain standpoint, where we had talked about permanent versus transient cost nature of that $4 billion as you move through the first half of the year? And we also see some volatility in utility pricing for some of the energy costs in operating the AWS data centers. So there's a lot of -- you have to look at the unit data with -- keeping that in mind because there's a mix -- heavy mix issue. And we -- so noted step-downs in the run rate as soon as the middle of May hit last year. But we would expect some savings as you bring a lot of that transportation in-house, a lot of the delivery in-house. As the variant subsided in the second half of the quarter and employees returned from leave, we quickly transitioned from being understaffed to being overstaffed, resulting in lower productivity. As a reminder, in the second half of 2021, we were operating in a labor-constrained environment. Some of this is due to the impact of the Omicron variant in China and labor shortages at point of origin, and the start of the war in the Ukraine has contributed to high fuel prices. I'd like to start with a few comments on what we're seeing as we're coming out of the pandemic, both on the customer experience side and on the operating cost side in this current inflationary environment.

Amazon.com, Inc. (NASDAQ:NASDAQ:AMZN) Q1 2022 Results Conference Call April 28, 2022 05:30 PM ET Company Participants Dave Fildes - Director, ...

Jeff Bezos saw $13 billion of his fortune melt away after Amazon.com Inc.'s results left investors disappointed.

Shares of the e-commerce company slumped more than 8% in early New York trading on Friday as it reported a quarterly loss and the slowest sales growth since 2001. If the loss persists, Bezos’s net worth will drop to around $155 billion, according to the Bloomberg Billionaires Index. At his peak last year, he was worth more than $210 billion.