Amazon.com Inc. said Thursday that 125,000 of the 175,000 workers the e-commerce giant hired on a temporary basis will be converted to permanent full-time employees starting in June. Regular full-time roles have a minimum wage of $15 per hour. The workers were brought on board to help Amazon meet coronavirus-related demand, with many planning to go back to previous companies when states re-open. "As the long-term picture becomes more clear" and unemployment soars, Amazon is giving this option. Amazon stock slipped 1.1% in Thursday premarket trading, but has rallied 30.4% for the year to date. The S&P 500 index is down 6% for 2020 so far. Read More...
Amazon.com Inc. said Thursday that 125,000 of the 175,000 workers the e-commerce giant hired on a temporary basis will be converted to permanent full-time employees starting in June. Regular full-time roles have a minimum wage of $15 per hour. The workers were brought on board to help Amazon meet coronavirus-related demand, with many planning to go back to previous companies when states re-open. “As the long-term picture becomes more clear” and unemployment soars, Amazon is giving this option. Amazon stock slipped 1.1% in Thursday premarket trading, but has rallied 30.4% for the year to date. The S&P 500 index is down 6% for 2020 so far.
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