The giant retailer decided to employ 1 million people in the United States. Amazon is now offering a minimum wag of $15 per hour. Would you take it?
Amazon Incorporation announced that it was able to employ around 1 million residents of the United States, which is around 1 in every 169 staff. This is a big deal since Amazon is one of the largest retail and online stores.
Amazon has revealed for the first time the number of people it employs in the U.S., putting the figure at 950,000, according to the e-commerce giant’s quarterly earnings call on Thursday. The company also stated that it is offering an above-minimum salary of $15 per hour.
The retail company‘s initiative is a great one since most of the companies in the United States are only offering $7.25 per hour. However, there are already some states in the U.S. that are approving the newly suggested $15-per-hour salary. These include Massachusetts, Illinois, Florida, and California.
The company’s total employee count was shared in a lengthy press release, in a section titled Investing in Employee Safety and Providing Good Jobs,” where Amazon revealed it has introduced a new mental health benefit for all of its 950,000 U.S. employees, their families, and household members.
The Giant Retail Store Employs Millions of People
Globally, Amazon Inc. employs 1.3 million people. It is the second-largest employer in the U.S., behind Walmart, which currently employees nearly 1.6 million people in the U.S.
As of June, the national private sector workforce is roughly 161 million people, according to the Bureau of Labor Statistics. That means about 1 out of every 169 people in the country’s workforce works for Amazon, while about 1 out of every 100 people in the U.S. workforce is employed by Walmart.
However, Brian Olsavsky, the CFO of Amazon, said that although the giant retail company was able to hire millions of new employees, they still need additional workers. He said that the demand for labor is probably one of the bigger elements of inflation in our business right now, acknowledging the competitive labor market.
The retailer’s CFO added that they are currently “spending a lot of money on signing and incentives. But, this could be affected by the current lawsuit of the giant online store.
The Retail Company Faces EU Privacy Fine
As of the moment, the EU privacy agency is accusing the giant retailer of illegally collecting its users’ sensitive data. One of the spokespeople of the company “maintaining the security of our customers’ information and their trust are top priorities. There has been no data breach, and no customer data has been exposed to any third party. These facts are undisputed.”
The retailer’s spokesperson added that “We strongly disagree with the CNPD’s ruling, and we intend to appeal. The decision relating to how we show customers relevant advertising relies on subjective and untested interpretations of European privacy law, and the proposed fine is entirely out of proportion with even that interpretation.”
Right now, the case is still ongoing. If the company wants to settle the issue, they need to pay the $888 million fine. The company disclosed the ruling in an SEC filing on Friday in which it slammed the decision as baseless and added that it intended to defend itself vigorously in this matter.