• Tue. Dec 1st, 2020

Dimancherouge

Technology

Is Amazon Coronavirus-Proof? – TheStreet

Amazon  (AMZN) – Get Report is rapidly growing amid the coronavirus pandemic. In the last six months, from March 10 to Sept. 10, its stock rose 72%. And while the pandemic has forced companies like Uber  (UBER) – Get Report, Lyft  (LYFT) – Get Report, Airbnb and more to layoff their employees, Amazon is on a hiring spree.

On Wednesday, the tech giant that they are hiring 33,000 new employees for corporate and tech positions.

“We’ve created more jobs over the past decade than any other company – and we are continuing to hire people from all backgrounds and at all skill levels,” Beth Galetti, senior vice president human resources, said in a statement. 

It’s worth noting that the company’s revenue is increasing despite the pandemic. The retailer’s net income in Q2 increased to $5.2 billion from $2.6 billion a year prior.

“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Amazon’s CEO Jeff Bezos, in a statement. “We’ve created over 175,000 new jobs since March and are in the process of bringing 125,000 of these employees into regular, full-time positions.” 

Last month, the company announced the hiring of 3,500 new tech and corporate jobs across six cities in the U.S.

Also, as the holiday season approaches and consumers opt for online shopping, Amazon’s revenue is expected to grow.

Amazon CEO Jeff Bezos is the richest man on earth.

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