http://money.cnn.com/2017/10/26/technology/business/amazon-earnings/index.html?iid=hp-stack-dom
Thursday, October 26, 2017
Amazon reveals Employee number
Amazon revealed that it had over 541,000 employees in the third period. Just over a year ago that only had about a little more than 300,000 employees during this period. It is believed that most of this employee growth is from the acquisition of Whole Foods that occurred a couple months ago. During that time Whole Foods was at around 87,000 employees before the buyout. Another reason for the enormous growth in the employee numbers is because of the new facility they are planning on building and have jobs for customer service reps and fulfillment centers. The number will grow even more once they build their new headquarters somewhere else around the country which should produce a good number of jobs. Amazon still has a long way to go to surpass Walmart's employee number which stands at about 2.3 million employees but with the growth Amazon has been having in the recent years, I see them growing significantly and will soon pass Walmart's employee numbers. Also the profit of the company has also grow for the tenth straight quarter in a row and they up over $250 million in profit in the third period. Amazon is a great company that has made a lot of great strides and will soon be one the biggest company in the entire world and the growing number of employees will only bring growth to the company as a whole.
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Amazon's growth as a company is truly amazing. The fact they continue to increase without being profitable also makes them unique. They are in a unique spot because their investors have the same vision as the company, so as long as they continue to find investors who have no problem with short-term loss, they will continue to expand for the foreseeable future.
ReplyDeleteThe jump from 300,000 workers to 541,000 workers is huge, and it shows how rapidly Amazon is growing. However, it makes sense that they would need many new workers, since they have taken over Whole Foods. It looks like the number of employees will grow even higher soon because they plan on building a new headquarters. It will be interesting to see if Amazon ever surpasses Walmart in number of employees because they are two different companies. However, there is no denying that Amazon is one of the biggest and most successful companies in the world.
ReplyDeleteIts amazing to see these numbers increasing this fast. The investors have done a great job and amazon continue to grow. Amazon is constantly investing in the future and are always a step ahead of the competition.
ReplyDeleteAmazon's growth since they started their company has been amazing. With the acquisition of Whole Foods, it make complete sense that they number of employees increased the way it did. Amazon seems to have its hand in about every market possible and their continuous growth in terms of employees will only benefit them.
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