![]() ![]() Shares of Amazon ( AMZN) fell 1.44% in afternoon trading on Thursday, extending an over 20% decline for the tech giant in the past month. Amazon joins big tech companies like Meta, Netflix, and. The company cited an 'unusual macro-economic environment' as a reason for the freeze. In the third quarter, Amazon’s headcount grew just 5 year over year to 1.54 million. Amazon announced it would pause new corporate hires. Amazon Shipping was available to shippers in a handful of cities including New York, Chicago and Los Angeles. Amazon has shed warehouse space, halted some experimental projects, and shuttered its telehealth service. Business Insider was first to report the news. She added that hiring action in coming months will depend on the business needs and that hiring will remain on track in “some targeted places.” She also encouraged employees to “further prioritize what matters most to customers and the business, and to be more productive.” Amazon said the pause is not directly related to the current COVID-19 global pandemic. At the 42-story 555 tower, Amazon will complete the working floors up to the 19th level, but is pausing construction plans for the second tower at Bellevue 600. “We anticipate keeping this pause in place for the next few months, and will continue to monitor what we’re seeing in the economy and the business to adjust as we think makes sense.” “With the economy in an uncertain place and in light of how many people we have hired in the last few years, Andy and S-team decided this week to pause on new incremental hires in our corporate workforce,” she wrote in a memo to employees on Wednesday. ![]() Amazon ( NASDAQ: AMZN) is pausing incremental hiring in its corporate workforce, according to a blog post from Senior Vice President of People Experience and Technology Beth Galetti. Amazon to pause shipping service for 3rd-party sellers WSJ S&P Global Market Intelligence The Seattle-based retailer will temporarily halt the delivery of non-Amazon packages to focus on the increased orders from its own customers amid the spread of the coronavirus, The Wall Street Journal reported. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |