Honda Targets $9.4 Billion in Cost Cuts as China EV Competition Intensifies 
Japan Bond Yields Top 3% as Inflation, Fiscal Risks Rise 
Oil Prices Rise as US-Iran Conflict Threatens Middle East Supply 
Honda, Nissan Eye Shared Vehicle Software Platform by 2029 
South Korea Inflation Rises to 3.1% in August 
Global Markets Brace for Fed Rate Hike as Oil Tops $91 
German Retail Sales Drop 3.4% in July 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
Lenovo Shares Fall After Dropbox Security Breach Exposes ID Vulnerability 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Apple’s Phil Schiller Steps Back as Leadership Shake-Up Accelerates 
FTSE 100 Falls as US-Iran Conflict Drives Oil Prices Higher 
Aon Nears $17 Billion Deal to Buy USI Insurance From KKR 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
Brazil, US Resume Tariff Talks as Trade Tensions Persist 
Dollar Holds Near Two-Week High as Fed Rate Hike Bets Rise 
GM Canada Workers Approve C$1.1 Billion Investment Deal 
Add as a preferred source on Google
Amazon has plans to expand in Austin, Texas, and since it will be a major project, the e-commerce giant will be creating more than 2,000 jobs for the locals. The company stated that it would mostly be needing people for corporate and tech jobs in the next few years.
As per Austin American-Statesman, the new recruits will be assigned roles that will support teams working in the technology, web service, retail, and business units. Some of the positions mentioned are financial analysts, senior technical program managers, senior data engineers, and user experience designers.
Currently, it was reported that Amazon already has more than 3,000 workers in its tech hub in Austin. This number is the total employees from its three offices in Domain, the high-tech corridor of northwest Austin.
Now, for its plan to expand in the region, the company reportedly rented out 330,000 square feet of space at a new building that is being developed by Cousins Properties. This property is also located at Domain, and it is expected to open in early 2024. This new office will be Amazon’s fourth location in the area and may help boost other businesses nearby, including restaurants, local retail, entertainment, and so on.
“Our continued investment in Austin is a testament to the amazing talent and amenities that this city has to offer,” Amazon Austin Tech Hub site lead, Doug Gray, said in a press release. “With more than 3,000 jobs already created and more than 1,000 corporate and technology roles currently available, we’re looking forward to continue offering exciting career opportunities to local residents.”
The news of new job recruitment at Amazon comes as the unemployment rating in Austin plummeted to a pandemic-era low level in November for five successive months. It was reported that the record 3.2% unemployment rate last month happened as local businesses continue to have difficulties in hiring workers as the local economy starts to pick up again.
Meanwhile, to attract applicants for its job openings, Amazon set up a program called the “Amazon Returnship.” The goal is to help professionals return to work after losing or leaving their jobs, including those who were displaced due to the COVID-19 pandemic.
