Amazon partners with LYFT to expand workforce as demand rises for its retail services

By:
on Apr 1, 2020
Updated: Apr 17, 2020
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  • Amazon to expand workforce as online orders continue to rise amidst the Coronavirus lockdown.
  • Lyft recommends drivers to opt for deliverers, shoppers, or warehouse workers jobs at Amazon.
  • Amazon faces scrutiny from NYC regulators for allegedly firing worker for leading strikes.

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With
Coronavirus restricting millions of Americans to their homes, Amazon’s
(NASDAQ:AMZN) online retail services that pledge to deliver food, groceries,
and other essential items to the doorsteps have seen an unprecedented surge in
orders. The U.S tech giant is taking all necessary measures to ensure efficient
services for its U.S customers amidst the ongoing pandemic.

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In
recent news, Amazon partnered with the U.S-based ride-hailing company LYFT
(NASDAQ:LYFT) to meet its workforce requirements as its retail services
continue to see an increase in demand.

LYFT
Loses Demand Due To Coronavirus Restrictions

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As
the government recommends Americans to avoid all unnecessary traveling, the
demand for the ride-hailing services has gone sharply down in the past few
weeks. Collaborating with Amazon, LYFT
now wants its drivers
to opt for additional income opportunities at Amazon as
deliverers, shoppers, or warehouse workers.

The
partnership marks a win-win deal for both companies as it enables Amazon to
increase its workforce and cope up with the rising online orders all the while
ensuring LYFT’s drivers from losing income or being out of a job amidst the ongoing
health crisis.

Amazon
is currently offering an increased £13.7 hourly wage to its shoppers and
warehouse workers that makes it an even lucrative option for the LYFT’s
drivers. The drivers, as per Amazon, will also be given an option to come on
board as the delivery service partner (DSP) or a driver for Amazon Flex.

Amazon
Faces Scrutiny From NYC Regulators

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In
separate news, the sharply increasing orders is not the only challenge that is
currently in the face of Amazon. The online retail giant recently fired Chris
Smalls over leading the strikes against Amazon for insufficient measures to protect
its workers against the flu-like virus. The move recently put the
company on the NYC regulators’ radar
. Amazon, however, continues to argue
that the worker was fired with a due cause.

At
the time of writing, Amazon is exchanging hands at £1,566 per share in the
stock market that translates to just over 10% decline as compared to its
record-high in February 2020. Losing its trillion-dollar privilege, the company
is currently valued at £784 billion ($970.59 billion).

LYFT,
on the other hand, is currently trading at £21.20 per share in the stock market
that marks an around 50% decline in 2020 so far. The ride-hailing company currently
boasts a market cap of £6.65 billion.

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