Amazon expects to incur $4 billion in COVID-related costs next quarter, an estimate that provides a bellwether for other businesses, large and small, trying to stay operational and control expenses amid the pandemic. The upshot: Amazon is planning for COVID to remain an unwelcome companion through the end of the year with costs higher than the previous quarter. The company said Thursday in its third-quarter earnings call that it logged $7.5 billion in COVID-related costs since the disease took root earlier this year.
Amazon Pegs Covid-19 Costs At An Estimated $4 Billion Next Quarter
Kirsten Korosec, TechCrunch
Thu, 10/29/2020 - 7:16pm
Topics: cfo brian olsavsky october q3 prime day this so q4 olsavsky the november covid covid-related olsavsky olsavsky amazon covid-19 costs billion quarter facilities fourth guidance call thursday year earnings company ramp due hired productivity expenses employees income operating uncertainties large
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