Amazon's COVID-19 Hiring Is Reaching Record Holiday Levels
Amazon (NASDAQ: AMZN) is seeing surging demand from customers shopping on its online marketplace, and it's been on a hiring spree in order to keep up with all of the orders. The e-commerce leader added 100,000 new employees over the last month or so, and it plans to add 75,000 more. For reference, Amazon added about 150,000 new employees in all of 2019 and just 82,000 in 2018.
The hiring spree, along with a couple other business decisions from management, including delaying Prime Day and suspending its shipping service for third parties, indicate Amazon has much more demand than it can handle right now.
Here's how that demand might play out over the next few quarters for Amazon.
Source Fool.com
