Amazon plans to hire 33,000 people in US | WeForNews | Latest News, Blogs Amazon plans to hire 33,000 people in US – WeForNews | Latest News, Blogs
Connect with us

Business

Amazon plans to hire 33,000 people in US

Amazon said it is looking to bring aboard 33,000 people for corporate and tech roles in the next few months.

Published

on

Job we are hiring

NEW YORK — Amazon is on a hiring spree. In the latest sign of how it’s prospering while others are faltering during the pandemic, Amazon said Wednesday it is seeking to bring aboard 33,000 people for corporate and tech roles in the next few months.

It’s the largest number of job openings it’s had at one time, and the Seattle-based online behemoth said the hiring is not related to the jobs it typically offers ahead of the busy holiday shopping season.

Amazon can afford to grow its workforce: It is one of the few companies that has thrived during the coronavirus outbreak. People have turned to it to order groceries, supplies and other items online, helping the company bring in record revenue and profits between April and June. That came even though it had to spend $4 billion on cleaning supplies and to pay workers overtime and bonuses.

Demand has been so high, Amazon has struggled to deliver items as fast as it normally does and had to hire 175,000 more people to help pack and ship orders in its warehouses. Walmart and Target have also seen sales soar during the pandemic.

But other retailers have had a rougher time. J.C. Penney, J.Crew and Brooks Brothers have all gone bankrupt. And Lord & Taylor, which has been in business for nearly 200 years, recently said it will be closing its stores for good. Companies across other industries have announced buyouts or layoffs, including Coca-Cola and American Airlines.

Amazon said the jobs will be centered around Amazon’s offices across the country, including Denver, New York, Phoenix and its hometown of Seattle. The new hires will work from home at first, but the company said it does want employees to return to the office eventually.

Ardine Williams, Amazon’s vice president of workforce development, said plans to build a second headquarters near Washington, D.C., are going as planned, despite the pandemic, with 1,000 workers already hired.

To fill the 33,000 jobs, Amazon said will hold an online career fair Sept. 16 to collect resumes and give people a chance talk to a recruiter. The average salary of corporate or tech job at Amazon is $150,000, Williams said. Those not interested in a job at Amazon can also get resume help, the company said.

At a similar career fair last year, about 17,000 people showed up in person and Amazon said it received more than 200,000 applications for 30,000 jobs.

In July, the company said its workforce topped 1 million worldwide for the first time, making it the second-biggest U.S.-based private employer behind Walmart Inc.

Business

India’s April-August FDI inflow rises 13%

“FDI equity inflow also increased by 57 per cent from $160.46 billion during 2008-14 to $252.42 billion (2014-20).”

Published

on

By

FDI

New Delhi, Oct 21 : FDI inflows into India have increased by 13 per cent during April to August 2020 on a year-on-year basis, official data showed on Tuesday.

According to the Ministry of Commerce and Industry, $35.73 billion has been received during the period under review.

“It is the highest ever for first 5 months of a financial year and 13 per cent higher as compared to first five months of 2019-20 ($31.60 billion),” the ministry said in a statement.

“FDI equity inflow received during F.Y. 2020-21 (April to August, 2020) is $27.10 billion. It is also the highest ever for first 5 months of a financial year and 16 per cent more compared to first five months of 2019-20 ($23.35 billion).”

Besides, the ministry’s data showed that FDI inflows have risen by 55 per cent during the last 6 years.

“Total FDI inflow grew by 55 per cent, i.e. from $231.37 billion in 2008-14 to $358.29 billion in 2014-20,” the statement said.

“FDI equity inflow also increased by 57 per cent from $160.46 billion during 2008-14 to $252.42 billion (2014-20).”

The ministry said that measures taken regarding FDI policy reforms, investment facilitation and ease of doing business have resulted in increased inflows into the country.

“Continuing on the path of FDI liberalisation and simplification, Government has carried out FDI reforms across various sectors,” the statement said.

FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India, it added.

Continue Reading

Business

Gadkari lays foundation for India’s first multi-modal logistic park in Assam

Published

on

By

Nitin Gadkari

Guwahati, Oct 21 : Indias first Rs 694 crore international Multi-Modal Logistic Park (MMLP) would be set up at Jogighopa in western Assam under the Bharatmala Project of the Union Ministry of Road, Transport and Highways.

According to the officials, the first MMLP at Jogighopa, which would be connected to road, rail, air and waterways, would be developed in 317-acre land along the Brahmaputra River, and would provide direct or indirect employment to nearly 20 lakh youth in Assam.

While laying the foundation stone for the project virtually from Delhi on Tuesday, Union Minister for Road Transport, Highways and MSMEs, Nitin Gadkari, said that his ministry envisages to develop 35 MMLPs in the country, of which work on preparing DPR (detailed project report) and feasibility report is underway.

Gadkari said that Assam’s MMLP is being made by the National Highways and Infrastructure Development Corporation (NHIDC), and the first phase of construction is scheduled to be completed by 2023 and the work would begin next month.

He informed that works worth Rs 280 crore have already been awarded, including Rs 171 crore for road construction, Rs 87 crore for erecting the structure, and Rs 23 crore for rail lines.

The minister said that the distance of 154 km between Jogighopa and Guwahati would be covered by making a four-lane road on this stretch, while a 3 km rail line would connect Jogighopa station with the MMLP. Another 3 km rail link would connect it to the Inland Water Transport and the road to newly developed Rupsi airport would be upgraded to four lanes for better connectivity.

He said the MMLP would have all the necessary facilities including warehouse, railway siding, cold storage, customs clearance house, yard facility, workshops, petrol pumps, truck parking, administrative building, boarding and lodging, eating joints, water treatment plant etc.

The minister further informed that his ministry has plans for national highway works worth Rs 80,000 crore in Assam.

He said, NH works for 575 km worth Rs 3,545 crore are going to be completed within this financial year and NH works of nearly Rs 15,000 crore would be awarded by next year, while DPRs will be completed for works of Rs 21,000 crore for the state.

Union DoNER (Development of North Eastern Region) Minister Jitendra Singh said that more than 10 waterways are being developed in the northeast, bringing down the logistic cost by one fourth.

He said this cost effective mode of transport would be a cheaper option for trade, business and transportation and would boost trade across the borders, especially with the eastern neighbours by leaps and bounds.

He said that MMLP is a novel idea, and would be replicated by other states soon.

Assam Chief Minister Sarbananda Sonowal, Union Ministers Gen (Retd) V.K. Singh, Rameshwar Teli, and Assam Ministers Himanta Biswa Sarma, Chandra Mohan Potwary and Phani Bhushan Choudhury also addressed the event.

Historically, Assam and the northeastern region used to have a very vibrant trade activity with the neighbouring countries.

The region had multi-modal transportation networks, roadways, railways and riverine waterways through the territories along Bangladesh and Myanmar.

Continue Reading

Business

Qualcomm, Reliance Jio light up India’s first 5G trials, top 1000 MB speeds

Published

on

By

Ericsson showcases 5G

New York, Oct 21 : Inching closer to its 5G rollout, India’s Reliance Jio, which counts 400 million subscribers on its 4G network in India, achieved a 1000 Mbps throughput milestone for its first round of 5G trials in partnership with US wireless-communication chip giant Qualcomm Inc.

“The product is already tested and validated by a Tier One carrier in the US,” Mathew Oommen, President, Reliance Jio, said at the Qualcomm 5G Summit Tuesday. IANS was at the event.

The two companies announced that they have achieved over a 1 Gbps (1,000 MBPS) speed on the Reliance Jio 5GNR solution and the Qualcomm 5G RAN Platform.

Two standout features – phenomenal speed and stunning reduction in latency – will separate current 4G/LTEA networks from fifth generation (5G) networks. The new technology is drummed up to transport us into a world where entire movies can be downloaded in seconds and the time between command and execution is nearly wiped out, leading to exciting new applications in the realm of the Internet of Things (IoT).

Oommen pointed to the combined muscle of Qualcomm’s chips that are crucial for superfast 5G networks and smartphones and Jio Platforms’ scale to deliver a homegrown 5G solution.

At the RIL AGM 2020, Chairman Mukesh Ambani announced plans for a 100 percent “homegrown 5G” network in India.

Currently, only the US, South Korea, Australia, Switzerland and Germany are able to offer 1GBPS speeds to 5G customers, RIL said.

Qualcomm’s 5G thrust comes at a time of escalating US and China tensions over tech leadership.

Qualcomm CEO Steven Mollenkopf has described as a “mortal sin” the scenario that the company is not prepared for the 5G opportunity riding on the back of geopolitical tensions.

“We’ve really got a great opportunity with where 5G goes. Let’s not blow it. When the pandemic struck my view was that the mortal sin is to not be prepared for the opportunity on the back side of this,” Mollenkopf told The Wall Street Journal, earlier this month.

5G has emerged as a new frontier for US-China rivalry, with the most dramatic escalation coming in the summer of 2020. Starting from within its own borders, the US is leading a worldwide campaign to convince foreign governments, particularly those in allied nations, to bar Chinese 5G from their advanced telecommunications networks, arguing that allowing them into those systems would lead to violations of their citizens’ privacy.

The US sees Huawei, the world’s largest telecoms equipment company, as an arm of the Chinese Communist Party’s surveillance state, and therefore a conduit to sabotage.

On July 12 this year, Qualcomm Ventures, the investment arm of Qualcomm Inc, committed to invest upto Rs 730 crore in Jio Platforms which translated into a 0.15 per cent equity stake in Jio Platforms on a fully diluted basis. Jio Platforms Ltd is a majority-owned subsidiary of Reliance Industries Ltd (RIL), India’s largest private sector company, with a consolidated turnover of Rs 659,205 crore ($87.1 billion) and net profit of Rs 39,880 crore ($5.3 billion) for the year ended March 31, 2020.

Continue Reading
Advertisement

Most Popular

Corona Virus (COVID-19) Live Data

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.