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Business Friday 11 September 2020
What slowdown? Amazon seeks to hire 33,000 people

By JOSEPH PISANI are going as planned, de-
AP Retail Writer spite the pandemic, with
NEW YORK (AP) — Amazon 1,000 workers already hired.
is on a hiring spree. To fill the 33,000 jobs, Ama-
In the latest sign of how zon said will hold an on-
it's prospering while oth- line career fair Sept. 16 to
ers are faltering during collect resumes and give
the pandemic, Amazon people a chance talk to a
said Wednesday it is seek- recruiter. Those not interest-
ing to bring aboard 33,000 ed in a job at Amazon can
people for corporate and also get resume help, the
tech roles in the next few company said.
months. Jane Oates, president of
It's the largest number of the nonprofit WorkingNa-
job openings it's had at tion and a former assistant
one time, and the Seattle- secretary at the U.S. De-
based online behemoth partment of Labor, said
said the hiring is not related that Amazon is different
to the jobs it typically offers from other companies in
ahead of the busy holiday that it's thinking about its
shopping season. future workforce. For ex-
Amazon can afford to ample, it announced a
grow its workforce: It is one program last year to retrain
of the few companies that In this Feb. 14, 2019 file photo, people stand in the lobby for Amazon offices in New York. While 100,000 of its workers for
has thrived during the coro- other companies are shrinking, Amazon is growing. Associated Press tech jobs by 2025.
navirus outbreak. People "They're not only looking for
have turned to it to order ders in its warehouses. lines. In August, the U.S. and tech jobs, whose aver- the jobs that need to be
groceries, supplies and Walmart and Target have unemployment rate fell to age pay is $150,000 a year, done today, they're also
other items online, helping also seen sales soar during 8.4% from 10.2% the month will be centered around looking at what's next,"
the company bring in re- the pandemic. before, but hiring growth Amazon's offices across the she said. At an in-person
cord revenue and profits But other retailers have had slowed, with the country country, including Denver, Amazon career fair last
between April and June. a rougher time. J.C. Pen- adding 1.4 million jobs last New York, Phoenix and its year, about 17,000 people
That came even though it ney, J.Crew and Brooks month compared to 1.7 hometown of Seattle. The showed up and the com-
had to spend $4 billion on Brothers have all gone million in July. new hires will work from pany said it received more
cleaning supplies and to bankrupt. And Lord & Tay- Others are hiring, too. UPS home at first, but the com- than 200,000 applications
pay workers overtime and lor, which has been in busi- said Wednesday that it pany said it does want em- for 30,000 jobs.
bonuses. ness for nearly 200 years, re- plans to bring in 100,000 ployees to return to the of- In July, the company said
Demand has been so high, cently said it will be closing people to help it deliver fice eventually. its workforce topped 1 mil-
Amazon has struggled to its stores for good. Compa- packages during the busy Ardine Williams, Amazon's lion worldwide for the first
deliver items as fast as it nies across other industries holiday season, which is vice president of workforce time, making it the second-
normally does and had to have announced buyouts about the same amount of development, said plans to biggest U.S.-based private
hire 175,000 more people or layoffs, including Coca- people it hired last year. build a second headquar- employer behind Walmart
to help pack and ship or- Cola and American Air- Amazon said its corporate ters near Washington, D.C., Inc.q

Jane Fraser to become Citi CEO; 1st woman to lead major bank

By KEN SWEET an to lead one of Wall most certain the U.S. and
AP Business Writer Street's big six banks, a ma- global economies will still
NEW YORK (AP) — Citi- jor accomplishment in an be dealing with the impact
group's Jane Fraser will industry long dominated of the coronavirus pan-
become the first woman by men. JPMorgan Chase demic.
to ever lead a Wall Street CEO Jamie Dimon has had Since early this year, banks
bank when she succeeds two women as his second- have set aside billions to
CEO Michael Corbat in in-command for years — cover potential loan losses
February. The New York Marianne Lake and Jen- as businesses and custom-
bank announced the suc- nifer Piepszak — but shows ers alike have fallen behind
cession Thursday. no signs of stepping down. on payments. With a vac-
Fraser is currently head In a congressional hear- cine still months away at
of Citi's global consumer ing last year, the CEOs of least, and the U.S. econo-
banking division, a major the Wall Street banks were my in a deep recession, the
part of the bank that over- asked whether they ex- problems for borrowers are
sees checking and savings pected to be succeeded expected only to get worse
accounts but also Citi's by a woman in their roles, as the country heads into
massive credit card busi- and no man raised his hand the fall and winter.
ness. She's been with Citi for at the time. Corbat led Citigroup for
16 years and had recently Fraser will be one of only eight years, rebuilding the In this undated photo provided by Citigroup, head of Citi’s global
consumer banking division Jane Fraser poses for a portrait.
been tasked with leading 32 female CEOs running a bank after it nearly col- Associated Press
the clean up of the bank's company in the S&P 500, lapsed during the Great
troubled Latin American according to Equilar. When Recession and 2008 finan- buy a stake in Citi to keep sets on its books of all the
banking business. Fraser does take over for cial crisis. The federal gov- it afloat, and the bank had major banks during this
Fraser will be the first wom- Corbat in February, it's al- ernment had to step in to some of the most toxic as- time. q