Why Amazon is moving its headquarters from Atlanta to Los Angeles
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AUSTIN, Texas—Amazon.com Inc. announced Friday that it is moving about 1,200 jobs to Los Vegas and expanding the logistics network for its flagship e-commerce platform, which will help it expand beyond its home market of the U.S.A.
The announcement by the online retail giant comes as it looks to increase its presence in Asia amid concerns about the impact of global trade on the region’s economy.
The Atlanta-based company announced it is adding another 3,000 jobs to its Atlanta workforce as it expands its operations in Asia.
The Atlanta-area jobs will be in logistics, shipping and warehousing, and will begin in the fall, according to Amazon spokeswoman Laura DeMora.
The company is expected to announce further details about the expansion later this week, DeMona said.
Amazon is the biggest employer in the U, with about 6.4 million employees.
The company announced that it has hired about 2,300 people for the new Seattle headquarters in the past three years.
Last year, it added 1,500 jobs in Atlanta.
The new Los Angeles headquarters is expected in 2019.
The announcement comes after the Atlanta-headquartered company said earlier this year that it would hire nearly 100,000 people in its first year.
The number of jobs the company plans to create in the Los Angeles area will be smaller than the expansion in Atlanta, DeGraw said in a statement.
The hiring moves come as Amazon’s workforce has been shrinking.
In 2017, Amazon’s U.K.-based business generated about $2.9 billion in revenue and generated nearly $2 billion in profit.
But the company’s global business has been slowing, as some of its suppliers have shuttered and competitors have expanded their operations.
The number of employees at Amazon is expected be around 15 million by 2020, De Graw said.
AUSTIN, Texas—Amazon.com Inc. announced Friday that it is moving about 1,200 jobs to Los Vegas and expanding the logistics network…