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Amazon to Go on Hiring Binge, Raising Salaries of Current Workers

Amazon (NASDAQ:AMZN) is hiring an additional 100,000 employees in the U.S. to meet the surge in demand from online shopping amid the coronavirus outbreak, the company said Monday.

The company is looking to add extra full-time and part-time positions for warehouse and delivery workers. Through the end of April, it will raise pay for these employees by $2 per hour in the U.S., £2 per hour in the U.K., and approximately €2 per hour in many EU countries. Amazon currently pays $15 per hour or more in some areas of the U.S. for warehouse and delivery jobs.

Amazon encouraged employees in other industries whose jobs were "lost or furloughed" as a result of the coronavirus to apply, including members of the hospitality, restaurant and travel industries. "We want those people to know we welcome them on our teams until things return to normal and their past employer is able to bring them back," the company added.

The decision comes as the coronavirus outbreak has continued to worsen. As of Monday afternoon, there were more than 181,000 confirmed cases of the coronavirus globally, and at least 7,113 deaths. There were at least 4,281 confirmed cases of the virus in the U.S. and at least 74 deaths.

Amazon has been hit with a wave of delivery delays and product shortages. The continued spread of the coronavirus has meant consumers are increasingly relying on online retailers as they avoid going outdoors and face low inventory at physical stores.

On Saturday, Amazon said some popular brands and items in the "household staples" categories were out of stock, while some of its “delivery promises are longer than usual.”

AMZN shares gained $70.98, or 4.2%, to $1,760.13