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OFFON

AMAZON.COM, INC.

(AMZN)
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Amazon com : boosts hourly pay to over $18, to hire 125,000 workers

09/14/2021 | 04:57pm EDT
FILE PHOTO: The logo of Amazon is pictured inside the company's office in Bengaluru

(Reuters) - Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States.

Reuters exclusively reported the news earlier on Tuesday.

The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018.

Amazon had said in May it would pay around $17 in average wages.

The company is hiring to run the 100 logistics facilities it will launch this month in the United States, on top of the more than 250 that opened earlier this year.

The additional staffing will also help roll out one-day delivery for Amazon's Prime loyalty club members.

Retailers are scrambling to hire hourly workers in a tight-labor market and have been offering benefits and sign-on bonuses to entice them.

Walmart Inc said earlier this month said it planned to hire 20,000 workers at its supply chain division ahead of the busy holiday season.

(Reporting by Nivedita Balu in Bengaluru; Editing by Saumyadeb Chakrabarty)


ę Reuters 2021
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Analyst Recommendations on AMAZON.COM, INC.
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Financials (USD)
Sales 2021 476 B - -
Net income 2021 27 103 M - -
Net cash 2021 57 789 M - -
P/E ratio 2021 63,5x
Yield 2021 -
Capitalization 1 693 B 1 693 B -
EV / Sales 2021 3,44x
EV / Sales 2022 2,84x
Nbr of Employees 1 298 000
Free-Float 82,5%
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Technical analysis trends AMAZON.COM, INC.
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Mean consensus BUY
Number of Analysts 47
Last Close Price 3 343,63 $
Average target price 4 184,10 $
Spread / Average Target 25,1%
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Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
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