Amazon (NASDAQ: AMZN) has decided to boost its workforce in the UK, despite a broader downturn in the tech industry in wake of rapidly rising inflation and interest rates.
The e-commerce giant on Friday announced it will be adding 4,000 new permanent positions across the UK this year, which will be spread across the company’s product management, software development, and engineering divisions, as well as at it sort warehouses, fulfilment warehouses, and delivery centers.
In contrast to what has been a broader downturn in the tech industry consisting of widespread job cuts and other cost-cutting measures in response to slowed economic growth, Amazon’s latest hiring spree will put the company’s UK workforce count to over 75,000 employees.
This also isn’t the first time the company embarked on creating new jobs amid unprecedented economic uncertainty: during the height of Covid-19 lockdowns, hiring at Amazon surged in response to a boost in e-commerce sales as consumers were forced to conduct their shopping from home.
Information for this briefing was found via Amazon. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.