Amazon is currently planning to forge new ways to deliver structure to its company and its new organizational change. The company might be busy planning layoffs; however, in a new wave of change, Amazon has announced a fresh spree of holiday hirings with the intention to recruit 250K workers on a part-time and permanent basis.
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Amazon Seasonal Job Hiring: Details
Amazon is currently on a path to ease the weak US jobs narratives by announcing a hiring spree for this holiday season. The retail giant has announced plans to recruit nearly 250K workers for this holiday period on a part-time and full-time basis. Per the latest press report, Amazon will offer $19/hour for part-time workers and $23/hour for full-time workers as standard salary for the prescribed roles.
“Amazon is hiring 250,000 people this holiday season, including in rural communities across America. Regular full- and part-time employees earn an average of $23 per hour with benefits. Seasonal employees at Amazon earn over $19 per hour on average.”
Furthermore, the press release report outlines Amazon’s intent to find core leadership, talent that could scale and assume higher responsibilities if their performance remains top-notch.
“Every year, we meet employees who started as seasonal hires and go on to become managers, trainers, or leaders across our buildings, and we love that people everywhere can make these jobs what they want them to be.”
US Jobs Demographic: Current Update
Leading experts have weighed in on the current US jobs prospects, adding how the demographic has become weaker, projecting slow progress and job additions as of late.
“JUST IN: Another WEAK jobs report. The US economy added only 22,000 jobs in August. That’s much weaker than expected. The unemployment rate rose to 4.3%—the highest since October 2021. June job growth was revised down to -13,000 (!). July was revised up slightly to 79k (from 73k). Wages grew 3.7% in the past year (above 2.7% inflation). #jobs”
Good for Amazon Stock?
Amazon is currently projecting a mix of opinions, balancing layoffs and hiring on the go. The firm might be planning a series of layoffs, with speculations hinting at layoffs happening primarily in departments related to HR and its core consumer business. At the same time, the firm plans to hire new seasonal workers, showing a stark contrast in its operations as of late.
“Amazon stock is currently in the red at press time, sitting at $216. TipRanks expects the Amazon stock to eventually pick up pace, hitting a high of $300 in the next 12 months.” TipRanks predicted.
“The average price target for Amazon is 267.25. This is based on 44 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $300.00 ,the lowest forecast is $230.00. The average price target represents 23.50% Increase from the current price of $216.39.”
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