Retail

Amazon Creates 100,000 Jobs

While most of the large brick-and-mortar companies have said they will add tens of thousands of jobs for the holiday season, e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) will add 100,000. It is a sign of the health of the retailer versus its primary rivals.

The company’s management reported:

Amazon.com, Inc today announced it is creating 100,000 seasonal positions across its U.S. network of fulfillment and sortation centers this holiday season in order to meet the increase in customer demand. In the months leading up to this holiday season, Amazon has also hired tens of thousands of regular, full-time employees.

“We’ve hired more than 25,000 full-time associates across the U.S. in recent months and we’re looking forward to adding 100,000 seasonal employees for the upcoming holiday season,” said Mike Roth, Amazon’s vice president of North America operations. “Following last year’s holiday season, tens of thousands of seasonal employees found regular, full-time roles with Amazon. We’re excited to grow our team by finding great talent through our seasonal hiring efforts in addition to creating new full-time jobs that offer comprehensive benefits starting on day one.”

Most of the jobs cover Amazon’s hubs, which handle the selection of inventory and products to be shipped, almost all via air. In a way, these jobs are cousins of those at old-line retailers. Although they are not in stores, they are boots on the ground for the logistics of holiday distribution.

As is the case with all retailers, most, if not all, of these employees will not remain in their jobs beyond the end of the year. Temporary employees add very little to the overall economy and, thus, consumer spending. Retailers reasonably cannot afford the workers as business slows to a normal, non-holiday pace. And much of what Amazon sells includes services, like its streaming media service, which require few employees. But these temp positions are better than no jobs at all, and with some luck and skill a few will get to stay on.

ALSO READ: Countries With the Best (and Worst) Jobs

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.