Business > Market

Amazon has suspended a program that pays up to $5,000 to warehouse workers who quit after peak seasons: report

3 monthes ago   |   By Business Insider

Amazon has suspended a pay-to-quit program for warehouse workers. THOMAS SAMSON/AFP via Getty Images
Amazon's pay-to-quit program helps the company cut down its workforce after the holiday season.
Launched in 2014, it offers up to $5,000 to employees who leave and agree never to return.
Amazon has suspended the program amid the tight labor market, The Information reported.
Amazon has suspended a program that offers warehouse employees up to $5,000 to quit after busy seasons, according to a report from The Information. Launched in 2014, the program is known as "Pay to Quit" or "The Offer...
Read more ...

 


Search by Tags

   Market      Retail      Tech      Amazon      Warehouse      Employee Benefits      Labor Market  


Public housing goes middle class

UPDATED, April 12, 2022, 1:12 p.m.: Public housing has gone middle class. Billed as “workforce housing,” it mimics a private-sector trend in places where home prices and rents... Read more ...

Inflation smacks Target hard, sending profit sharply lower

Read more ...

UN floats plan to boost renewables as climate worries mount

The United Nations chief on Wednesday launched a five-point plan to jump-start broader use of renewable energies, hoping to revive world attention on climate change as the... Read more ...

NATO chief hails 'historic moment' as Finland, Sweden apply

NATO Secretary-General Jens Stoltenberg said Wednesday that the military alliance stands ready to seize a historic moment and move quickly on allowing Finland and Sweden to... Read more ...

'Big Short' investor Michael Burry warns stocks will crash and rallies won't...

Michael Burry. Photo by Kevin Mazur/WireImage "The Big Short" investor Michael Burry expects a far steeper decline in the stock market. The Scion Asset Management chief's view... Read more ...

Musk says he's having second thoughts about buying Twitter

Elon Musk has put the brakes on his $44 billion bid to buy Twitter, saying the site has too many fake accounts. But is the world's richest man just hoping to negotiate a better... Read more ...

If Musk has second thoughts about buying Twitter, walking away wouldn't be...

Twitter says it intends to close the deal, even as Musk suggests he might push for a lower price. Read more ...

Investor claims Jeff Sutton cheated him out of millions on Times Square deal

A decade-old deal to build out a large retail space in the heart of Times Square landed Jeff Sutton with both a lucrative addition to his portfolio and a new enemy: an investor... Read more ...

Weekly mortgage demand from homebuyers tumbles 12%, as higher interest rates...

Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications. Read more ...

AI 101: How learning computers are becoming smarter

IBT Many companies use the term artificial intelligence, or AI, as a way to generate excitement for their products and to present themselves as on the cutting edge of tech... Read more ...