Seeking Alpha

Amazon to add 7,000 workers

Amazon (AMZN) plans to hire 5,000 more workers for 17 of its fulfillment centers in the U.S., adding to the 20,000 who already work at the company's warehouses in the country.

Amazon intends to add 2,000 customer-service staff, including part-time and seasonal workers.

The recruitment will help the company meet growing demand and make good on its two-day shipping pledge to Amazon Prime members. (PR)

From other sites
Comments (7)
  • HS
    , contributor
    Comments (215) | Send Message
    meaningless PR


    same as GS' "analysis" of bigger future growth


    perhaps the best part of AMZN is their PR department. timely announcements, but unfortunately for AMZN, these PRs are nothing more than handwaving given the horrible financial report
    29 Jul 2013, 04:24 AM Reply Like
  • Rknigh2
    , contributor
    Comments (89) | Send Message
    What's that? Another 350 million in operating costs? Ick
    29 Jul 2013, 05:21 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (27497) | Send Message
    OMG but they're going to be making so much money in 2020.
    29 Jul 2013, 06:53 AM Reply Like
  • Gary J
    , contributor
    Comments (7400) | Send Message
    A product of such fast revenue growth. More staff is needed to keep up with it. Another good sign for Amazon in an economy that is still only slowly recovering.
    29 Jul 2013, 07:05 AM Reply Like
  • Paulo Santos
    , contributor
    Comments (27497) | Send Message
    Indeed, Gary. The right question might be "where are the robots?"


    Because if costs increase as fast or faster than revenues, then there will never be any earnings.


    And the number of employees HAS been growing faster than revenues.
    29 Jul 2013, 07:08 AM Reply Like
  • krk
    , contributor
    Comments (845) | Send Message
    "..The most dangerous thing the company might do right now -- dangerous for Amazon's stock price, anyway -- is trying to generate earnings growth. Think of it: Amazon is owned by a group of investors who are perfectly happy paying no attention to earnings growth as long as they get their year-over-year 20%-plus worth of revenue growth every quarter. .. Think about how disappointed the current shareholder base would be if Amazon shifted to managing earnings at the cost of revenue growth.
    .. But the above would mean transitioning from a company -- and a shareholder base -- focused on revenue growth to one focused on earnings growth. I would suggest that the challenge in doing this would be difficult and hazardous to the share price.
    So it's probably a good idea to put off that transition for as long as possible. Maybe that's what the grocery business is all about."
    --Jim Jubak on RealMoney
    29 Jul 2013, 08:55 AM Reply Like
  • stoj
    , contributor
    Comments (536) | Send Message
    a robot costs more than 12$/h ( and you can not sack it, without losing a million $ )
    29 Jul 2013, 02:44 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs