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- Amazon has announced plans to invest £40 billion ($54.4 billion) in the United Kingdom over the coming three years.
- According to the tech giant, the investment will focus on expanding its artificial intelligence (AI) capabilities and cloud computing infrastructure. In addition, Amazon will develop new fulfillment centers and delivery stations across the country to support its growing operations.
- This significant move follows recent comments from Amazon CEO Andy Jassy, who revealed that the company may reduce its corporate headcount in the coming years as AI continues to reshape business functions.
Over the next three years, Amazon (AMZN) plans to invest £40 billion ($54.4 billion) in the UK, the company said on Tuesday. The company’s cloud computing and artificial intelligence capabilities will be expanded as part of this significant investment.
Along with more delivery stations across the nation, the company also announced plans to open four brand-new fulfillment centers. Amazon claims that the money will be used to expand and improve its current network of more than 100 operational locations across the United Kingdom.
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Amazon Says Will Add Jobs in Hull, Northampton and other Sites
Amazon to Create Thousands of UK Jobs with Major Investment Push
Amazon has announced a major expansion in the United Kingdom, pledging to create thousands of new permanent, full-time positions across the country. This includes 2,000 roles at a newly launched fulfilment centre in Hull and another 2,000 jobs at a site in Northampton. Additional employment opportunities will also be available at new facilities in the East Midlands and at various delivery stations throughout the UK.
The tech giant currently employs over 75,000 people in the UK. Full-time Amazon workers earn a starting salary of at least £28,000 per year, with those based in London receiving a minimum of £30,000 annually.
UK Prime Minister Keir Starmer praised the announcement, describing Amazon’s investment as “a massive vote of confidence” in the UK economy and job market.
This significant UK expansion comes shortly after Amazon CEO Andy Jassy revealed that the company plans to streamline parts of its corporate workforce in the coming years due to the growing influence of artificial intelligence.
Despite a nearly 5% decline in Amazon’s stock value so far this year, shares rose 1.5% in early Tuesday trading following the announcement.
Update — This article has been refreshed to reflect the latest stock performance and updated details.
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