New corporate hires will have to wait at Amazon, as the company announced a freeze as of Wednesday (Nov. 2).
Amazon is moving to pause new hiring amid a worsening economic outlook and after its hiring practices had been less restricted in years past, it said in a memo to employees.
“We anticipate keeping this pause in place for the next few months and will continue to monitor what we’re seeing in the economy and the business to adjust as we think makes sense,” said Beth Galetti, senior vice president of people experience and technology at Amazon, in the memo.
Amazon still intends “to hire a meaningful number of people in 2023,” according to the memo.
According to the report, Amazon leads Walmart in a few major markets, holding 10% share of furniture and home furnishings sales, and 2% share of clothing and apparel sales, exceeding Walmart’s share in both categories.
Amazon also noted in the memo that it intends to expand its reach in its newer alternative business ventures beyond eCommerce, such as Prime Video, Alexa, Grocery, Kuiper, Zoox and Healthcare.
The news comes the same day that Amazon announced its fashion brand is teaming up with social media platform Snapchat to introduce digital eCommerce clothing try-on technology. Starting with eyewear, the new pairing of Snap’s Augmented Reality (AR) Lens filter with Amazon’s inventory of products is a milestone in the evolution of digital social commerce.
For all PYMNTS retail coverage, subscribe to the daily Retail Newsletter.
Disney Dreamlight Valley's next free update, Jungle Getaway, will introduce two new characters
A Valve engineer used ChatGPT to find a new matchmaking algorithm for Deadlock, and now it's in the game
Состоялся релиз Kafka's Metamorphosis на iOS и Android
The Big Catch: Tacklebox is the hardest 3D platformer I've ever played, 8+ hours long, and a free to play 'prologue' to a bigger, better game on the way
«Просила поставить свечку»: Волочкова рассказала, как Успенская переживала пропажу дочери
Олег Погудин исполнит в Воронеже песни Булата Окуджавы
«Человек поет такие песни! Вы бы никогда не подумали, что он такой козёл!» Певица Бьянка рассказала о домогательствах известного певца в студии «Шоу Воли» на ТНТ
Хэдлайнерами «Джаза на Байкале» в октябре 2024 года станут Игорь Бутман, Сергей Жилин и Алина Ростоцкая