![]() ![]() Thank you, for working every day to meet the needs of the American people as we face this pandemic together. In addition to the 100,000 workers already hired, is adding another 75,000 & increasing hourly pay. Mike Pence, US vice-president, took to Twitter to thank Amazon staff for “working every day to meet the needs of the American people as we face this pandemic together”. We welcome anyone out of work to join us at Amazon until things return to normal and their past employer is able to bring them back.”īrent Thill, an analyst at the US investment bank Jefferies, said the hirings were “direct proof consumers are breaking the Amazon supply chain with overwhelming demand”. Amazon said: “We know many people have been economically impacted as jobs in areas like hospitality, restaurants and travel are lost or furloughed as part of this crisis. The additional workers will take Amazon’s global workforce to nearly 1 million. The recruits come on top of 100,000 taken on already since the coronavirus crisis hit western economies last month. The company on Monday said it was hiring an extra 75,000 staff to help it to process the increase in orders. ![]() While many companies across the world have been forced to make staff redundant or place them on government-funded furlough schemes, Amazon is hiring tens of thousands of staff as the business struggles under the weight of orders from consumers trapped at homes all over the world. “Amazon has seen an ‘enormous increase in demand’ as shoppers are forced to stay home, essentially creating an extended Prime Day/Black Friday type of situation.” “Covid-19 surge led to ‘Prime Day in March’,” the analyst said in a note to clients. Josh Brown, chief executive of Ritholtz Wealth Management, said on Twitter: “Amazon became a utility in this crisis – defensive, reliable, indispensable.”Īnalysts at the US investment bank Cowen likened the impact of the lockdown to the Black Friday shopping frenzy in November. The jump in Amazon’s shares came as financial analysts said they expected the company to be crowned “a clear winner” from the Covid-19 crisis and to report record sales and profits this year due to demand for deliveries and its cloud-based services. The company this week fired two employees who criticised Amazon over allegedly unsafe conditions at some of its warehouses.Ībout 75 Amazon warehouses and delivery workers in the US have been infected with the virus, according to the Washington Post, the newspaper owned by Bezos. He has so far handed $100m (£80m) to the food bank charity Feeding America critics have pointed out that the $100m donation made public by Bezos represents less than 0.1% of his fortune.Īmazon has also been accused of not doing enough to protect its workers from the virus. ![]() One month ago they were changing hands at $1,689.īezos, who also owns the Blue Origin company aimed at providing passenger flights into space, has faced criticism for not donating more of his fortune to the efforts to tackle the coronavirus and the economic destruction it is causing. The shares continued to climb on Wednesday and were changing hands at $2,295. Bezos, who started Amazon in his garage in 1994 and still owns 11% of the company’s shares, saw his paper fortune swell by $6.4bn (£5.1bn) on Tuesday alone as Amazon’s shares hit a record $2,283 – valuing the Seattle-based company at $1.14 trillion. ![]()
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