Key Takeaways From Amazon’s Major Hiring Drive

Amazon.com Inc (NASDAQ:AMZN) plans to hire 55,000 people globally for corporate and technology roles, Reuters reports as per CEO Andy Jassy.
Over 40,000 recruitments will be in the U.S., followed by India, Germany, and Japan.
Amazon reportedly offered a starting hourly salary of $17 for some states against its minimum hourly wage of $15. The new appointments would represent a 20% growth in Amazon’s tech and corporate staff.
The number is equivalent to a third of Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) headcount as of June 30 and Facebook Inc’s (NASDAQ:FB) total workforce.
Jassy previously discussed a staffing ramp to tap the growing retail, cloud, and advertising demand, including its Project Kuiper.
Amazon’s global annual job fair will likely begin on September 15. Jassy aims to capitalize on the pandemic-induced job attrition.
He dismissed concerns over its alleged unfair labor practices and emphasized its workplace freedom.
Price Action: AMZN shares closed higher by 0.24% at $3,479 on Wednesday.

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