Amazon to expand its workforce by 100 thousand new workers in the U.S and Canada

By: Wajeeh Khan
Wajeeh Khan
Wajeeh is an active follower of world affairs, technology, an avid reader, and loves to play table tennis in… read more.
on Sep 14, 2020
  • Amazon to expand its workforce by 100 thousand new workers in the U.S and Canada.
  • The U.S. retail giant faces a new tax-related row in the United Kingdom.
  • The Seattle-based company announced tech and corporate jobs earlier in September.

In an announcement on Monday, Amazon Inc. (NASDAQ: AMZN) expressed plans of hiring another batch of 100 thousand new workers in the United States and Canada. The company said that demand for its e-commerce segment has remained strong even after the government eased COVID-19 restrictions. Monday’s announcement marks Amazon’s fourth hiring spree this year in the U.S.

Shares of the company were reported flat in premarket trading on Monday. As of Friday’s close at £2,420.50 per share, Amazon is now about 65% up as compared to its per-share price at the start of the year. In March due to COVID-19 disruptions, the stock had plummeted to as low as £1300 per share.

Amazon faces a new tax-related row in the U.K.

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According to Amazon, new positions are available for part-time and full-time workers in the U.S. and Canada. The roles will be distributed in one hundred of its new warehouses and operations facilities that will be opened in the region later this month. Amazon was reported to have come under a new tax-related row in the United Kingdom last week.

As of 30th June, the Seattle-based firm had a workforce of 876,800 employers excluding temporary personnel and contractors. Amazon’s e-commerce and delivery business is on the rise, as evident by the constant need for more workers. In its last quarterly report as well, the company revealed a 40% increase in revenue from this segment.

Vice President Alicia Boler Davis of Amazon’s global customer fulfilment said on Monday that Amazon was committed to automation as she remarked:

“We will continue to deploy technology where appropriate, starting from a safety perspective, and where we can improve our overall operation.”

Boler, however, didn’t highlight if automation could translate into fewer jobs at Amazon’s warehouses. But she said that the company didn’t see automation and human jobs as an either/or.

Amazon announced tech and corporate jobs earlier in September

In its earlier statement in September, Amazon announced 33 thousand new positions for technology and corporate employees. In March and April, it announced 100 thousand and 75 thousand new jobs respectively in the U.S.; a hiring spree that was aimed at helping workers that were laid off from other departments due to the economic blow from COVID-19.

Amazon performed fairly upbeat in the stock market last year with an annual gain of more than 25%. At the time of writing, the U.S. retail giant has a market cap of £1.21 trillion and a price to earnings ratio of 119.78.

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