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%.
For consumer staples companies, rising inflation is probably turning into a bigger challenge than the virus-induced supply chain disruption and store closures. After bettering its position since the early months
HP Inc has shown a strong performance in Q4 2021. In spite of remote working, HP has shown a strong demand for PC and printer. The company has beat Zacks
In this era of digital transformation, the technology industry is seeing a rapid influx of innovative products and solutions that help businesses adapt to the fast-changing and complex environment. VMware