09/17/2020

SoFi is committed to fighting racism, standing in solidarity with all of our communities, providing space for open dialogue,
as well as taking action as informed allies. We are donating $1 million to organizations that empower people of color and their allies.

Man and woman in office back to back

Amazon Adds Thousands of Corporate Jobs



Plans for an Eventual Return to the Office

Amazon (AMZN) is making plans to add 3,500 corporate jobs to its workforce. These plans include expanding the company’s office space in New York, Phoenix, San Diego, Denver, Detroit, and Dallas. In contrast to other tech companies, some of which have embraced remote work indefinitely, Amazon is laying the groundwork for an eventual return to the office.

“The ability to connect with people, the ability for teams to work together in an ad hoc fashion—you can do it virtually, but it isn’t as spontaneous,” explained Ardine Williams, the company’s Vice President of Workforce Development.

Amazon is Back in the Big Apple

Amazon is adding over 900,000 square feet of office space, including space in the iconic Lord & Taylor flagship department store building in Manhattan, which Amazon purchased from WeWork for over $1 billion. Amazon’s plans, especially in New York, show that it believes talented workers will still be concentrated in urban centers, despite the fact that some people have left cities during the pandemic.

Amazon’s move to grow its corporate presence in New York comes on the heels of a conflict between the company and New York lawmakers and activists. Amazon’s plans to spend $2.5 billion on a second headquarters in Long Island City, Queens was met with opposition. Now the company has a new way to grow its presence in the Big Apple.

What Roles Will Be Added?

Amazon is the second-largest private employer in the US after Walmart (WMT), with 602,000 employees in the country. Worldwide, Amazon has more than 1 million employees.

The new positions Amazon is creating will include product management and engineering roles, as well as roles related to Amazon Web Services, Amazon Fresh, Alexa, and other departments. The company says it is hiring for some of the positions now, and the rest will be filled over the course of the next two years.


Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
Communication of SoFi Wealth LLC an SEC Registered Investment Advisor
SoFi isn’t recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.
External Websites: The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
SOSS081901


All your finances.
All in one app.

App Store rating

Download on the App Store Get it on Google Play

ABOUT SoFi SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than one million members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. For more information, visit SoFi.com. Want an easy and convenient way to manage your financial life? Get the SoFi app. For iOS and Android.


TLS 1.2 Encrypted
Equal Housing Lender