Amazon will pay employees $10,000 to quit and start their own package-delivery companies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The move comes as Amazon is looking for additional package-delivery options.

The company wants more options for delivering packages.

Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019.that it would contribute as much as $10,000 if employees want to leave the company and form new U.S. start-ups centered on delivering packages. Amazon said it would also pay these people the equivalent of three months of their most recent gross salaries when they were working for the company.

The offering follows the company's previous efforts to discourage its workers from staying if they don't want to stay. CEO Jeff Bezos talked about the company's "Pay to Quit" program in a shareholder letter"We want people working at Amazon who want to be here," an Amazon spokesperson toldThe program also lines up with Amazon's efforts to open up new delivery options.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Amzn delivery reliability has dropped pretty dramatically already. Number of late and lost packages are consistently getting higher from what I can tell...

So how much is the interest rate when they have to pay that 10k back

Walmart will eat his lunch once people see the service that inexperienced new business owners provide. How long before we read about a driver ditching packages because they can’t keep up? Or worse, criminal activities.

Cost of small used carrier would be higher than 10k. I would say smart move for amazon but let’s watch the output.

I think you guys failed to deliver the proceeds from at leas tone bestselling book I had--and seitseccoed me on the phone brutally when I inquired...

En mi país se le llama liquidación

So he doesn’t have to pay them benefits

IF this isnt TRUE anti-competitive behavior aimed at DESTROYING others - well what the hell is? Bezos wants to destroy $UPS $FED USPS like he is doing to retailers $M $TGT, pharmacies big and small $WBA $CVS, grocers $KR .... basically ALL of Main St. BreakUpAmazon $amzn

$10 000 nothing to me I rather keep going to work.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VMware And Other Leading Enterprises Partner With Blockchain Company To Implement Data PrivacyFollowing a Series A $10 million funding round, blockchain security company, QEDIT, announces partnerships with VMware, Ant Financial and RGAX to implement data privacy solutions across their blockchain networks.
Source: Forbes - 🏆 394. / 53 Read more »

Amazon to Help Employees Start Their Own Delivery BusinessAmazon said it would offer employees an array of incentives to help them get their own package-delivery business off the ground, part of a bid to shore up its own delivery network independent of big shipping companies. Hey look, Amazon is escalating their war on USPS, UPS, and FedEx to create an industry dependent on them destroying the competition of the market. Hard pass. Amazon will then use and abuse you by nickel and dining you as you descend into bankruptcy. Then they move onto the next victim.
Source: WSJ - 🏆 98. / 63 Read more »

Amazon offers to help employees start delivery businessNEW YORK (AP) — Amazon, which is racing to deliver packages faster, is turning to its employees with a proposition: Quit your job and we'll help you start a business delivering Amazon packages.
Source: YahooNews - 🏆 380. / 59 Read more »

Amazon reveals how third-party sellers are kicking its butt on sales as part of small business charm offensiveAmazon says independent sellers earn $90,000 a year from selling in its stores. AmAzon knows everything. If profitable they make it a amazon basic item and negotiate hard with supplier to crush the reseller. Can’t compete with that 😁😂😁😂
Source: BusinessInsider - 🏆 729. / 51 Read more »