Amazon.com Inc. (NASDAQ: AMZN) Defies Hiring Cuts By Announcing 4,000 Jobs In The UK

Amazon.com Inc. (NASDAQ: AMZN) is defying the latest wave of downsizing in the tech sector with plans to create over 4,000 permanent jobs in the United Kingdom this year. This latest push to hire more people will bring the e-commerce giant’s workforce in the UK to more than 75,000.

Amazon to increase UK workforce 

Along with operational responsibilities in fulfillment centers, sporting facilities, and delivery stations, the jobs will also include those in product management, engineering, and software development. Additional staff will be employed in northern Britain in regions that include Knowsley and Wakefield, where the company is establishing two fulfillment centers.

Amazon UK country manager John Boumphrey stated, “We’re continuing to invest in talent right across the U.K. People join us not just for the wide variety of roles, great pay and benefits, but for the career development opportunities we provide.”

The company’s employment boom in the UK is in stark contrast to other regions of the tech sector. Due to recent increases in interest rates and inflation, the sector is preparing for a turnabout in its fortunes.

In preparation for slower economic development, major companies like Microsoft Corp (NASDAQ: MSFT), Netflix Inc (NASDAQ: NFLX), and Robinhood Markets Inc (NASDAQ: HOOD)  have eliminated a variety of positions in addition to taking other cost-cutting steps.

Following restrictions on working from home, which increased e-commerce sales, recruitment at Amazon increased during the COVID-19 pandemic. On a recent earnings call, the firm’s CFO, Brian Olsavsky, stated that the company’s Covid recruiting frenzy caused it to become “overstaffed.”

Amazon has been under fire for how it treats employees 

In the recent past, the eCommerce giant has come under fire for the way it treats its employees. For instance, the company’s workplace safety has come under scrutiny after complaints from delivery people and warehouse employees about their unfavorable working conditions.

Amazon has stated that it is attempting to resolve the issue and has committed billions of dollars to the development of new security protocols and technology. In April, employees voted to change course by moving to establish a union.

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Published by Neha Gupta

Swati has worked in diverse capacities from financial research to currency trading in a span of 3 years.