The year of the Coronavirus, with people switching more and more on digital e-commerce websites. Online shopping, the epidemic, along with holidays sales is feeding an audience of millions. To cater to this amazon has led more than 400,000 jobs this year, pushing the number of jobs to more than a million for the first time.
Talking about this newly appointed workforce is mainly in its warehouse, delivery starts – the company continues to deal with crushing orders from shoppers who are reluctant to buy as the second wave of coronavirus has started and the festive season is coming.
The Amazon Chief Financial Officer Brian Olsackey said in a call to reporters after the company announced its financial results Thursday, Amazon added 250,000 jobs in the months through the end of September alone. It reported 100,00 workers in October, and it now has nearly 1.13 million employees worldwide, compared to 750,000 employees a year ago.
Furthermore, that doesn’t show roughly half of the 2.2 million workers that rival Walmart employs. The Home Depot employs about 400,000 workers. Meanwhile, 2014 layoffs are on the rise among other major employers in the United States. ExxonMobil announced plans Thursday to cut 1,900 jobs from its workforce in the United States. Earlier, Disney said it would lay off 28,000 workers and American Airlines cut 19,000 jobs.
In addition, Olsavsky said the company has also increased its fulfillment capacity – the group of warehouses and terminals it uses to collect photos that point to a high – by 50 percent this year. On top of that, the company this year has spent $30 billion in capital spending – the amount that has gone toward projects and other assets – of which a “significant portion” has been channeled into operations, Olsavsky said. However, Amazon faces challenges in delivering packages on time as the workers were tested positive and took triple time to restock.
This quarter, Amazon beat analysts’ expectations, making $6.3 billion, or $12.37 a share. Sales jumped 37% to $ 96.1 billion. Analysts expected Amazon to earn $7.36 a share from sales of $92.6 billion, as measured by S&P Global Market Intelligence. We hope that it will benefit many people who are seeking jobs. Comment below to let us know your thoughts on it!