In an article on Fool, Alyce Lomax said that although Amazon.com, Inc. (NASDAQ:AMZN) stock has performed impressively in the recent past, the company is now giving a shaky look. The source mentioned wages and working problems of Amazon.com, Inc. (NASDAQ:AMZN) warehouse workers and said that the word is out there that Amazon.com, Inc. (NASDAQ:AMZN) does not treat its workers respectfully. The company has claimed that its warehouse wages are 30% than the retail, but the source thinks that this comparison does not make any sense.
The source said that it is disappointing to see how Amazon.com, Inc. (NASDAQ:AMZN) does not respond to this problem with care. Amazon.com, Inc. (NASDAQ:AMZN)’s attitude has not been right in the warehouse working problems issue. The warehouse workers in Amazon centers have to work tirelessly and they need to walk 15 miles daily, not to mention a handheld device which is there to track them every time.
Fire Phone is another reason why Lomax doesn’t like Amazon.com, Inc. (NASDAQ:AMZN) anymore. He said that despite the fact that Amazon’s FirePhone was a failure, the company still did a $170 million writedown. Fire Phone unsold units alone make around $83 million. Most of the users in the market have taken sides: the market share is with iPhones and Android devices. In this scenario, Amazon.com, Inc. (NASDAQ:AMZN)’s FirePhone is becoming irrelevant.
Surprisingly, the source claimed that the reason behind Amazon.com, Inc. (NASDAQ:AMZN)’s Fire Phone failure was that user wishes and requirements were not taken into consideration, rather it was according to Bezos’ specifications. The source quoted an article from Fast Company and said that poor management was the reason behind Amazon.com, Inc. (NASDAQ:AMZN) Fire Phone failure.
Ken Fisher’s Fisher Asset Management owns over 2.4 million shares in Amazon.com, Inc. (NASDAQ:AMZN).
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