Amazon gets some good news; Wayfair cuts jobs
Fox Business Briefs: Small win for Amazon as a federal judge agrees to temporarily block Microsoft from beginning work on the Pentagon’s multi-billion dollar cloud computing contract; online retailer Wayfair cuts 550 jobs.
Amazon is hiring fewer MBA graduates from top colleges and more from a broader range of business schools in an effort to expand its management base, the company said.
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The tech giant has hired as many as 1,000 employees from about a dozen of the country's most elite business graduate schools in recent years, but that's about to change, The Wall Street Journal reported Tuesday.
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"At Amazon, we are excited to offer graduate students the opportunity to launch into big careers with limitless possibilities. We know searching for a full-time role is as much about finding a company where you can picture yourself being successful as it is about finding the right role," the company's website reads.
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Amazon now plans to hire more than 1,000 MBA employees and interns in 2020 from as many as 80 North American schools in its attempt to find more recruits with a combination of business and tech skills, Amazon spokesperson Jaci Anderson told the Journal.
Albert Kim, Amazon's student programs in the Americas, told the Journal that the tech giant has "worked hard to scale" its "recruiting efforts" to help the company "engage and assess talent around the world."
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Amazon employs more than 400,000 U.S. citizens as of October, and all of its hires make a minimum wage of $15-per-hour while some of its software engineers have six-figure salaries.
As of February 2020, the tech giant is only reviewing MBA applications for its "Retail Leadership Development Program" and openings for a number of "Senior Product Manager of Technical Products" jobs, according to its website.
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