Amazon job openings rose in April while Alphabet, Facebook fell: Citi

Jeff Bezos

Sarah L. Voisin | The Washington Post | Getty Images

Amazon posted more than 36,000 job openings at the end of April, up 19% year-over-year, while company openings contracted, analysts say from Citi released Monday.

Statistics suggest that other companies were taking steps to limit unnecessary spending, as the coronavirus affected global economies, and Amazon, which sold groceries to consumers and cloud services to businesses throughout the pandemic, always wanted to increase its workforce. The pandemic has created a record increase in unemployment claims in the United States, with more than 36 million new claims since the crisis began in March.

According to Citi, Alphabet, eBay, Etsy, Facebook, GrubHub, Netflix and Twitter, all posted a year-over-year drop in job openings in April. The biggest declines among the companies reviewed by analysts led by Jason Bazinet occurred at Cars.com and Trivago.

“Excluding Amazon, total job offers fell 51% in April 2020 compared to a year ago,” analysts wrote, noting that the offers are an approximation of the costs.

Analysts have started examining information on web traffic, an indirect indicator of revenue, as well as job postings after the start of the coronavirus epidemic.

“So far, e-commerce, social media and streaming services have seen an increase in traffic,” they wrote.

Amazon’s annualized growth rate slowed in April from 35% in March. Amazon had 840,400 employees at the end of the first quarter, up 33% year-over-year, according to the company. latest income statement.

In April, CNBC announced that Alphabet’s affiliate, Google, had taken steps to freeze recruitment and cut marketing spending.

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