Amazon Says It Will Create 100,000 Jobs In The Next 18 Months

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January 12, 2017 9:38am NASDAQ:AMZN

NASDAQ:AMZN | News, Ratings, and Charts

From, Inc. (NASDAQ:AMZN), already one of the nation’s largest employers, said today that it will create another 100,000 full-time, full-benefit positions over the next year and a half.

Most of the new jobs will come in fulfillment centers, the giant warehouses that Amazon uses to store, pack, and ship the millions of unique items it sells on its namesake shopping platform.

These new positions will be located in various states across the country, and are in addition to the 150,000 jobs that Amazon created over the past five years. The company commented via press release:

“Innovation is one of our guiding principles at Amazon, and it’s created hundreds of thousands of American jobs. These jobs are not just in our Seattle headquarters or in Silicon Valley—they’re in our customer service network, fulfillment centers and other facilities in local communities throughout the country,” said Jeff Bezos, Amazon Founder and CEO. “We plan to add another 100,000 new Amazonians across the company over the next 18 months as we open new fulfillment centers, and continue to invent in areas like cloud technology, machine learning, and advanced logistics.”

The company also touted the fact that it employs more than 10,000 military veterans, as well as its plans to hire and train another 25,000 veterans and their spouses over the next five years., Inc. shares fell $1.54 (-0.19%) in premarket trading Thursday. Year-to-date, AMZN has gained 6.19%, versus a 1.37% rise in the benchmark S&P 500 index during the same period.

AMZN currently has an POWR Rating of B (Buy), and is ranked #12 of 44 stocks in the Internet category.

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