The fastest growing technology company
Today (Jan 10, 2017) Amazon announces that it plans to hire 100,000 full-time employees over the next 18 months. The company wants to have more than 280,000 full-time employees in 2017, compared with 180,000 at the end of 2016. The jobs cover a wide range of skills, from software developers, Network engineers to operation workers who work in the warehouse to ship millions of packages to other places.
Amazon CEO Jeff Bezos said in a statement “Innovation is one of our guiding principles, and we have created hundreds of thousands of jobs and will continue to add more as our business is still growing. We plan to add at least 100,000 new jobs across the company over the next 18 months as we open new centers, and continue to invest in areas like cloud technology, machine learning, and advanced logistics.”
The massive hiring by Amazon is the result of its huge expansion since its humble small online startup selling books in Seattle, but due to its leadership and the extensive use of technologies, it has become the second-largest company among the top 500 companies in the world. According to an industry study, today Amazon is the fastest growing and largest technology company in the world.
As it is growing, it eliminates other retailers such as Sears, J.S Penney, Macy’s and others. These “Old Style” companies cannot compete with the aggressive and technology smart company. But the real profit of Amazon is not based on selling the product online as most people think, but in the cloud computing business. Ann analyst said: “It is the technology that makes Amazon succeed and it is very good with the use of the latest technology. Its cloud computing business is one of the bests, and its stock is rising significantly from $18 when it started to over $810 per share today. People who paid $3000 to buy Amazon stock in 1997 are now millionaires.”
As Amazon is expanding its business to Europe and Asia, it is planning to hire more people, especially technical people who have specific skills that the company needs. An Asia analyst wrote: “We believe the pace of hiring will accelerate soon, and as it competes for talents, with many local companies will not be able to compete with this fast growing global company.”
Sources
- Blogs of Prof. John Vu, Carnegie Mellon University
