As the coronavirus outbreak continues unabated and people remain indoors, the need for food and grocery delivery services has increased multiple-fold. In this scenario, retailers, ecommerce companies and fast food chains are struggling to meet the needs of customers and are looking to hire more people to tackle this situation. Let’s take a look at few of them:
Walmart (NYSE: WMT) announced its plans to hire 150,000 employees on a full-time, part-time and temporary basis for its distribution and fulfillment centers. The retailer also declared bonuses amounting to around $550 million for its hourly associates.
Amazon.com (NASDAQ: AMZN) is looking to hire 100,000 full-time and part-time employees for its fulfillment centers and delivery services. The ecommerce giant also announced an investment of over $350 million to increase the pay for its employees in North America and Europe.
PepsiCo Inc. (NASDAQ: PEP) said it is planning to hire 6,000 full-time employees across the US over the coming months. The company also announced additional benefits and compensation for its employees in the US which will include a minimum of $100 per week over the next month. This compensation covers over 90,000 frontline employees.
As more people remain inside their homes, the demand for pizza delivery has seen a spike. To meet this demand, Domino’s Pizza (NYSE: DPZ) is hiring both full-time and part-time employees. The company said it is looking to hire around 1,000 employees across more than 100 stores in Greater Chicago for various positions.
Shares of Walmart were up over 2% in morning hours on Monday while Amazon’s stock was also in green territory. PepsiCo’s shares were up 6.7% while Domino’s shares were up 8.7%.
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported stronger-than-expected earnings for the fourth quarter. The tech firm also provided guidance for fiscal 2024. Earnings, excluding non-recurring items, came in
As Costco Wholesale Corporation (NASDAQ: COST) prepares to publish its first-quarter earnings, the warehouse behemoth’s stock climbed to an all-time high this week. When it reports the results next week,
Shares of Dollar General Corporation (NYSE: DG) turned red on Thursday despite the company delivering better-than-expected results for the third quarter of 2023. The stock has dropped 46% year-to-date. Although