Saturday, November 18, 2017
Business

Amazon plans to hire 100,000 over the next 18 months

RECOMMENDED READING


NEW YORK — Amazon plans to hire 100,000 full time workers over the next 18 months, highlighting its ambitious expansion plans — and the sharp contrast the e-commerce powerhouse strikes against traditional brick-and-mortar retailers, many of which are cutting jobs and closing stores.

Amazon has long been known for investing the money it makes back into its businesses, and it's doing that with a vengeance. The new hires will largely support new Amazon fulfillment centers in states such as Texas and California, expanded delivery capabilities and its money-minting Amazon Web Services cloud computing business.

The numbers are generally in line with Amazon's past hiring plans. Amazon, which had a total of 306,800 full-time and part-time employees globally at the end of September, hired a total of 123,700 globally during the 15 months ended in September, according to quarterly filings.

Amazon said Thursday its U.S. workforce has grown from 30,000 in 2011 to over 180,000 at the end of 2016. By comparison, Walmart — the world's largest retailer — employs about 2.4 million people worldwide, including 1.5 million workers in the U.S.

Baird analyst Colin Sebastian said the announcement shows that Amazon's hiring appears to be accelerating.

"We view this announcement positively in terms of the current trajectory of Amazon's businesses, as well as management's confidence in the long-term outlook," he said. "The hiring is consistent with our view that Amazon will continue to invest aggressively in its retail, media, technology and logistics businesses."

The news comes a month after President-elect Donald Trump met with tech leaders, including Amazon founder Jeff Bezos. Throughout the presidential election campaign Trump and Bezos clashed after Trump attacked Bezos and the Washington Post, which Bezos owns. But they appeared to make nice when Bezos attended the meeting in December.

Sean Spicer, the incoming White House press secretary, noted in a call with reporters on Thursday that Amazon made the announcement after the meeting, when Trump urged tech leaders to keep jobs in the U.S.

Spicer said that Trump was "pleased to play a role" in the job gains. Amazon did not immediately respond to a request to comment on what role, if any, Trump had in the jobs announcement.

Baird's Sebastian downplayed the politics factor, noting only that the online retailer may have deployed some "political capital" in the timing and details of its announcement.

"We suspect there is little, if any, shift of employment at Amazon from international locations to the U.S.," he said. "Moreover, we expect the pace of hiring internationally to accelerate as well."

Things are much less rosy at traditional brick-and-mortar retailers. Last week, the Limited said it would close all its stores and Macy's moved forward with plans to close 68 stores and said it will cut more than 10,000 jobs. There have been unconfirmed reports Walmart is also planning layoffs.

"The move from bricks to clicks is causing major disruption in the retail industry," said economist Diane Swonk.

Comments
Florida jobs recover from Irma, unemployment rate drops

Florida jobs recover from Irma, unemployment rate drops

As economists predicted, the tough hit that Florida jobs took from Hurricane Irma was not long-lived. The state added 125,300 jobs in October, almost breaking even from the 127,400 jobs it lost in September. According to state figures released Friday...
Published: 11/17/17
Apple will postpone release of  HomePod

Apple will postpone release of HomePod

The Washington PostApple said Friday that it’s pushing back its plans for a Siri-powered smart speaker until sometime early next year.The HomePod speaker was announced in June, with an initial launch date set for December. Apple said that its smart s...
Published: 11/17/17
HSN, Good Housekeeping pick five contest finalists

HSN, Good Housekeeping pick five contest finalists

ST. PETERSBURG — Good Housekeeping and St. Petersburg-based HSN have chosen five finalists for their entrepreneur competition. The partners are searching for a novel item to promote as endorsed by the Good Housekeeping Seal, denoting reliability and ...
Published: 11/17/17
Trigaux: State of Tampa Bay startups? Disconnected we falter but there’s a plan to fix that

Trigaux: State of Tampa Bay startups? Disconnected we falter but there’s a plan to fix that

How are we doing?That was the Big Question posed more than once this past week in Tampa Bay. First, the Tampa Bay Partnership and USF debuted in-depth and new ways to measure Tampa Bay across a wide range of indicators to gauge whether we are gaining...
Published: 11/17/17
Tesla’s latest creation: An electric big rig that can travel 500 miles on a single charge

Tesla’s latest creation: An electric big rig that can travel 500 miles on a single charge

The main course was expected: a pair of sleek silver Tesla semi-trucks that get 500 miles per charge, go from zero to 60 mph in five seconds and — if the hype is to be believed — promise to single-handedly transform the commercial trucking industry.B...
Published: 11/17/17
We ask Tampa Bay startup leaders how best to advance entrepreneurial ecosystem

We ask Tampa Bay startup leaders how best to advance entrepreneurial ecosystem

What one thing could be added to the Tampa Bay startup community to help it grow and prosper?The Tampa Bay Times reached out to these leading area entrepreneurs and startup experts for answers.RELATED COVERAGE: Trigaux: State of Tampa Bay startups? D...
Published: 11/17/17
Before you hit the mall: here are some key holiday shopping hours

Before you hit the mall: here are some key holiday shopping hours

Plotting a shopping strategy for the holiday weekend? Here’s a look at holiday store opening hours for some major retailers:Thanksgiving8 a.m.: Kmart1 p.m.: JCPenney4 p.m.: GameStop5 p.m.: Best Buy, Macy’s, Toys "R" Us, Kohl’s6 p.m.: Old Navy, Target...
Published: 11/17/17
Electric, autonomous vehicles featured at Tampa auto show

Electric, autonomous vehicles featured at Tampa auto show

TAMPA — The two biggest trends in the automotive space are ones you’ve likely heard of: electric vehicles and autonomous cars. Both will feature prominently at the Tampa Bay International Auto Show today through Sunday. The event at the ...
Published: 11/17/17
Developer changes approach as downtown Largo project lags in financing

Developer changes approach as downtown Largo project lags in financing

LARGO — Driving down West Bay Drive, you may notice some changes to downtown Largo.A new 29-unit apartment complex on Ridge Road stands finished and ready for residents. South of the complex, land that was formerly home to a community of rundown cott...
Published: 11/17/17
Want to travel solo? Local enthusiasts share stories, tips for holidays trips

Want to travel solo? Local enthusiasts share stories, tips for holidays trips

Stephanie Maisonneuve visited the walled city of Cartagena, a port city off the Caribbean coast of Colombia. She rode horseback down the city’s cobbled streets clucking past flower-filled balconies and massive, wooden arched doors. The travel enthusi...
Published: 11/16/17
Updated: 11/17/17