Amazon Plans To Sublease Warehouses As Online Shopping Ease

BUSINESS

The company ‘Amazon’ is now planning to sublease some of the company’s warehouse space now that, the increase in the online shopping fuelled by the corona virus pandemic, which has helped the e-commerce company in the soaring profits in the previous two years, that has been eased.

Alisa Carroll, spokesperson of Amazon said, the subleasing has been allowing the company for relieving the financial obligations that are associated with an existing building that is no longer meeting the needs of the company. Alisa Carroll does not reveal how much space the company is now planning to sublet and according to the sources, the retailer is going to be subleasing at least 10 million square feet of the space and can possibly end more of the company’s leases in the states of the country including New Jersey, California and New York.

The company has now doubled the size of the operations of the company during the corona virus pandemic, which is adding more warehouses and workers for the purpose of keeping up with the demand from the homebound consumers of the company feeling more comfortable purchasing the things online.

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But, as the worst of the novel corona virus pandemic has been eased and the company has found that, the company itself with too much warehouse space and too many workers of the company.