An anonymous reader quotes a report from CBS News: Amazon.com said it now has about 1 million employees after hiring 250,000 workers in the third quarter, part of a growth spurt driven by booming ecommerce sales during the coronavirus pandemic and a milestone for a company founded in 1995 by Jeff Bezos as an online bookseller. Despite its rapid ascent, Amazon still has fewer workers than the nation’s biggest private employer, Walmart, which has 2.2 million global workers.
Even so, Amazon’s explosive growth underscores the historic shift in financial might from manufacturers such as General Motors, U.S. Steel and General Electric. In the 1950s, these three corporations were the country’s biggest employers, with a combined workforce of more than 1 million employees at the time. Today, the three employ about 400,000 workers as the U.S. economy has shed factory jobs in favor of service-oriented work. In a conference call on Thursday, Amazon Chief Financial Officer Brian Olsavsky said the company hired “a lot more people to support the strong customer demand.” After hiring 250,000 full-time and part-time workers in the quarter ended in September, Amazon has hired another 100,000 workers in October, he said. The jobs pay a minimum of $15 an hour and include benefits such as health insurance, retirement benefits and parental leave, he added.