According to leaked documents, Amazon is burning through new employees at an alarming rate.
Only one in three new hires stayed at the company for more than 90 days, according to a document labeled "Amazon Confidential."
The company is spending a lot of money on turnover.
According to a document analyzing Amazon's 2021 fiscal year, "totaling an estimated $8 billion annually for Amazon and its shareholders."
Amazon had a net profit of $33.36 billion for the fiscal year that ended in June.
It's not terribly surprising to see so many new hires leave in such a short period of time.
The warehouse employees are not the only ones to quit.
Both regretted attrition and unregretted attrition affected departments across all levels and businesses throughout the year.
The report concluded that the number of employees who quit was twice as high as those who were fired.
The mass exodus was attributed to limited opportunities of upward mobility within the company.
Amazon gave a statement but wouldn't confirm or deny any specific numbers in the leaked files.
"It's our employees who contribute daily to our success and that's why we're always evaluating how we're doing and ways we can improve," reads the company's statement.
There is more to the story than the amount of people running for the hills.
According to leaked documents, Amazon has an attrition rate of $8 billion a year. It continues to get worse.
After they started catching fire, Amazon secretly shut down all of its solar rooftops.
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