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Amazon announced friday plans to raise another 10,000 jobs in Bellevue, Washington, over the next few years.
Amazon (AMZN) said employment plans add up to 15,000 new jobs in Bellevue, which the e-commerce giant had already announced in February this year, which is just 10 miles from the e-commerce giant’s Seattle headquarters.has about 3,000 workers in Bellevue and 50,000 in Seattle.
“To accommodate those new roles in the city, we’ve secured another 2 million square feet of area in downtown Bellevue by leasing iconic and sustainable new homes on Vulcan: 555 Tower and West Main,” John Schoettler of Amazon wrote..
Schoettler added that those projects, which are already under development, are close to the long-term station of downtown Bellevue, which is scheduled to open in 2023.
In addition, Amazon is building the so-called Bellevue 600 project, which is a 43-story tower in the city.The tower, which is the largest to date, will have approximately 1 million square feet of area and is expected to be completed until 2024.
In addition, in the coming weeks, Amazon will begin the progression procedure for the moment phase of your Bellevue 600 assignment, which includes a 27-story tower, and the assignment is expected to be completed until 2025.
Amazon has taken a contracting holiday in recent months because the coronavirus pandemic triggered an unprecedented wave of orders and delivery facilities, as consumers were forced to sign in online to comply with the closing terms of purchases.The trend of online expansion continues after the pandemic, they have also sought to expand their success and increase their market share.
Amazon’s shares, which fell by 2.2% on Friday, have enjoyed a stable winning streak, surpassing 78% so far this year, with the analysts’ average value target of $3725.59, implying 13% prospective over the next 12 months.
After a meeting with Amazon’s CEO of the Worldwide Consumer division, Baird analyst Colin Sebastian last week reiterated a purchase note to rent in inventory with a $3,500 worth goal, saying he was confident in AMZN’s prestige as the most sensible option.
Sebastian has returned positive feedback on Amazon’s operations, Covid-19 has an effect on management, logistics investments and plans to manage Q4 Peak, Prime Day and Private Label.
Overall, AMZN earned 37 analyst purchase ratings instead of 1 Maintain rating, which is consistent with the Strong Buy consensus (see Amazon’s inventory market research at TipRanks).
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