Amazon Doesn't See Demand Slowing Anytime Soon
Amazon (NASDAQ: AMZN) hired 175,000 new workers amid the coronavirus pandemic. Now, it's offering 125,000 of those workers permanent positions if they want them, according to a report from The Wall Street Journal. "We still definitely have a need for more employees," a spokesperson said. That 125,000 figure is based on the long-term need of its warehouses.
In other words, Amazon doesn't see the heightened demand it experienced in March and April slowing down anytime soon. "Demand has been strong and the biggest questions we have in Q2 are more about ability to service that demand," CFO Brian Olsavsky said on Amazon's first-quarter earnings call last month.
Amazon typically does seasonal hiring ahead of Prime Day and ahead of the holiday shopping season. But sustained demand through May has already pushed Amazon's warehouses to its limits. It has taken several steps to actually curb orders, and its Prime shipping benefit still isn't back to the one-day delivery Amazon started offering last summer.
Source Fool.com
