Menu

Search

  |   Business

Menu

  |   Business

Search

Amazon May Hire 100,000 More Employees from the US by the End of Q2, 2018

Ecommerce giant Amazon currently has 180,000 US employees working for it and the company is looking to increase that number by as much as 100,000 by the end of Q2, 2018. The 55% increase in employees within the US would take Amazon’s total employee strength in the country to 280,000. Considering that the online retailer’s total worldwide employee count was declared to be 306,800 just last year in November, that’s a giant boost.

Employee surveys are regularly undertaken by large companies to garner staff feedback, and recent reports from Amazon claim that they offer a workplace that is liked by the majority of employees, so this considerable opening of employment opportunities can be considered good news for America. Delving further into the announcement, it becomes much clearer as to why Amazon is looking to hire on such a massive scale.

Amazon Fulfilment Centers Need More Staff

As stated by the company’s chief financial officer Brian Olsavsky, Amazon established 26 new Fulfilment Centers in 2016 alone, with more on the way. While job opportunities will expand to all sections of the corporation, most of the staff hired will be utilized to man these new Fulfilment Centers. It is to be noted that Amazon has just recently set up a one million square foot warehouse facility in Jacksonville, Florida. It is expected that this center alone will create around one thousand new full time job opportunities.

A Major Chunk of Amazon’s Business Comes from North America

Although the financial report for the year 2016 isn’t out yet, early reports indicate that a major chunk of Amazon’s business originates from North America. They had managed to make sales worth $107.01 billion worldwide in 2015, with about 60% of the revenue coming from the US and Canada. It only makes sense that Amazon wants to further strengthen its position in the place where it is making the most profit.

Future Plans

Judging by its plans to further bolster employee strength in the US, it has been speculated that the company’s annual revenue and operating profit in the US improved even further in 2016. It is quite clear that Amazon sees the possibility of substantial future expansion in North America. In light of the announcement, Colin Sebastian from R.W. Baird & Co. stated that this is an indication that Amazon is not only doing well, but is also planning to do much better in the future.

Industry experts have predicted that Amazon will focus heavily on investing in logistics, technology, media and retail in the coming years, even if it means a slimmer profit margin in the short term. This will, of course, translate into more jobs and opportunities being built around the MNC. Amazon is already the leader when it comes to ecommerce sites or any internet based company in the world as it has left even the likes of Google and Facebook behind by a long shot in terms of revenue generation. In the coming years, it will be interesting to see what else Amazon branches out to.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.