Amazon Freezes Hiring, Discontinues Amazon Glow: Report

Amazon Freezes Hiring, Discontinues Amazon Glow: Report
  • Amazon.com, Inc AMZN froze corporate hiring in its retail business for the rest of the year, the New York Times reported citing an internal email.
  • Amazon halted global hiring for all corporate roles, including technology positions, in its stores business, which covers Amazon’s physical and online retail business and its logistics operations. 
  • Amazon had posted over 10,000 openings in that division, which accounts for the bulk of Amazon’s sales.
  • However, the freeze will not affect its more profitable cloud computing division. Some roles, like student hiring and field positions, were exempt from the pause.
  • Amazon’s listings show it still hired warehouse workers.
  • In September, Amazon boosted pay for its U.S. front-line employees, effective October.
  • Amazon discontinued its pandemic-era kids’ video calling device amid lackluster sales and a shift in consumer behavior, Bloomberg reports.
  • Amazon Glow is a combination video screen and projector that helps children get face time, play games, read, and even draw with distant relatives. 
  • But sales were slow, and Amazon looked to shift employees who worked on the gadget into other roles.
  • Glow was steeply discounted on October 4, listed at $150 for members of Amazon’s Prime program, 55% off the list price. Later in the day, it was unavailable.
  • Price Action: AMZN shares closed higher by 4.5% at $121.09 on Tuesday.

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