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Good news for both temps and the retail sector: Amazon (AMZN) is hiring 15,500 workers to fill...

Good news for both temps and the retail sector: Amazon (AMZN) is hiring 15,500 workers to fill temporary holiday jobs at shipping centers around the country. Other retailers (like KSS, M, PIR, AEO) are also increasing temporary hires, and are expected to add a total of 550K-650K jobs this holiday season.
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Comments (13)
  • DW Reid
    , contributor
    Comments (126) | Send Message
     
    Yes, they always do this. They use our software to manage the process.
    13 Nov 2010, 02:25 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Your software better be spun up, DW. I just ordered a Kindle for the wife.
    Now that the progressives have been kicked out of office, I'm spending like crazy. Our bitter dislike for progressives caused us to cut way back on spending till we were sure the sorry lot was well on their way out. Notice that it worked too.
    Shop till you drop!
    13 Nov 2010, 03:36 PM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    You're an idiot.
    14 Nov 2010, 09:03 AM Reply Like
  • mvs231
    , contributor
    Comments (5) | Send Message
     
    Good news for temps. Bad news for people actually seeking a steady job.
    13 Nov 2010, 05:46 PM Reply Like
  • Maurice Ivy
    , contributor
    Comments (6) | Send Message
     
    What most people probably aren't factoring in is that Amazon will begin laying off some of its permanent force after the holidays. The temp hiring and laying off will cover up their true intent; "downsizing".

     

    Amazon is having liquidity issues. Time to short after the new year.

     

    Maurice Ivy
    Chief Investor, Ivy Investment Group
    ivyinvestmentgroup.com...
    ivyproducts.mybellamor.../
    bellamora.com/ivyproducts
    13 Nov 2010, 07:35 PM Reply Like
  • Arnbjorn Ingimundarson, CFA
    , contributor
    Comments (190) | Send Message
     
    Maurice, can you elaborate on the liquidity issues?
    14 Nov 2010, 10:22 AM Reply Like
  • mike mohr
    , contributor
    Comments (452) | Send Message
     
    Look at all the hoopla they make about this.
    That's all there is left. Now people have to be happy to have a low paying temp job.
    13 Nov 2010, 08:51 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    I cancelled my account and any affiliation with Amazon on Wednesday.

     

    They are selling a book promoting pedophilia, and despite complaints, released a statement that they are free to sell what they wish.

     

    True, and as a Father I am free to not promote the abuse of children.

     

    They supposedly pulled the book, but I have and will boycott Amazon for life.

     

    www.cnbc.com/id/401137...
    13 Nov 2010, 08:57 PM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    They are free to sell what they wish. But some things are just wrong and Amazon management are fools. Thanks for the heads up. I missed that story. I too am canceling all association now. I hope the backlash is huge. What A holes!
    14 Nov 2010, 03:46 PM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Yes, thanks for your thoughts.

     

    It is unfortunate because they had some good prices and service; however, in these days of rampant immorality and unethical behavior a line has to be drawn, and our children and their future defended.
    14 Nov 2010, 04:54 PM Reply Like
  • Donald Ingram
    , contributor
    Comments (3481) | Send Message
     
    AMZN hiring 15.5k temps at Xmas is better than nothing - even tho the pay will most likely be $8.00 per hour. This will stave off starvation and keep the heat on for a little while. Then...
    13 Nov 2010, 10:00 PM Reply Like
  • Archman Investor
    , contributor
    Comments (2470) | Send Message
     
    Ah yes, adding to the already 40% of ALL Americans working right now that make only $8-$14 / hour.

     

    What progress indeed.

     

    Isn't it amazing how things have gotten so pathetic in this country that we rationalize this form of welfare to work as good news?

     

    How about some "real" jobs that pay $50K, $60K, $70K / year, that require real brain power or that add real value to GDP?

     

    What is even more sad: these jobs will be filled by adults and late twenty somethings rather than teenagers who should be working for that kind of money.

     

    Hey don't worry though, the government will hype all the improved employment numbers from NOV to FEB 2011, just in time for them to fall off the cliff again by spring time.

     

    Wash, rinse, repeat, I guess.
    14 Nov 2010, 08:35 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    See, QE 2 is working! The rest of America isn't.
    14 Nov 2010, 09:05 AM Reply Like
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