Amazon plans 4,000 more jobs in the UK this year, defying tech downturn

Amazon plans 4,000 more jobs in the UK this year, defying tech downturn


An Amazon warehouse in Warrington, England.

Nathan Stirk | Getty Images

Amazon announced Friday it would create more than 4,000 permanent jobs in the U.K. in 2022, defying a wave of job cuts in the tech industry.

The roles will include job functions in software development, product management, and engineering, as well as operational duties in fulfilment centres, sort centres and delivery stations.

Additional staff will be added in a number of regions across the U.K., including Wakefield and Knowsley in northern England, where the firm is opening two new Amazon fulfilment centers.

The hiring push will bring Amazon’s permanent workforce in Britain to over 75,000, the company said.

“We’re continuing to invest in talent right across the U.K.,” John Boumphrey, Amazon’s U.K. country manager, said in a press release.

“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 U.K. hiring spree marks a contrast with other parts of the tech industry. The sector is reckoning with a reversal in fortunes lately amid rising inflation and higher interest rates.

Major firms including Microsoft, Netflix and Robinhood have slashed varying numbers of jobs, among other cost-cutting measures, in anticipation of slowing economic growth.

Hiring at Amazon surged during the Covid pandemic after stay-at-home restrictions boosted e-commerce sales. However, the company’s chief financial officer, Brian Olsavsky, said on a recent earnings call that the firm became “overstaffed” as result of its Covid hiring spree.

Amazon has faced criticism over its treatment of workers in the past. Delivery drivers and warehouse staff, for instance, have complained of poor working conditions, and questions have been raised over workplace safety at the company.

Amazon has said it is working to improve the situation and is investing billions of dollars in new safety measures and technologies.

In April, workers at Amazon’s Staten Island warehouse made history by voting to join a union — the first time that’s happened in the U.S.



Source

Week in review: Stocks hit records on inflation data, earnings — plus, we started a new name
Technology

Week in review: Stocks hit records on inflation data, earnings — plus, we started a new name

Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above […]

Read More
AI spending is boosting the economy, but many businesses are in survival mode
Technology

AI spending is boosting the economy, but many businesses are in survival mode

Cameron Pappas, owner of Norton’s Florist Norton’s For Cameron Pappas, owner of Norton’s Florist in Birmingham, Alabama, the artificial intelligence boom is a world away. While companies like Nvidia, Alphabet and Broadcom are lifting the stock market to fresh highs and bolstering GDP, Pappas is experiencing what’s happening in the real economy, one that’s far removed […]

Read More
More demand than supply gives companies an edge, Jim Cramer says
Technology

More demand than supply gives companies an edge, Jim Cramer says

“Supply constrained,” are the two of the most important words CNBC’s Jim Cramer said he’s heard so far during earnings season and explained why this dynamic is favorable for companies. “When you’re supplied constrained, you have the ability to raise prices, and that’s the holy grail in any industry,” he said. Intel‘s strong earnings results […]

Read More