Giants of the web, Amazon excels in terms of turnover and workforce. Mediobanca report
Amazon confirms itself as the first websoft company in the world by revenues and workforce. This is what emerges from the annual survey of the Mediobanca research area on the websoft giants. All the details
Amazon first in the world by turnover (414.8 billion) and workforce.
And also in Italy it drives the sector of the web giants with a turnover of more than 2.8 billion euros and 11,911 employees out of a total of about 23,000 workers in the sector.
This is what emerges from the annual survey by the Mediobanca Research Area on the 25 major international WebSofts (Software & Web Companies with revenues exceeding 12 billion euros each) in the three-year period 2019-2021 and in the first nine months of 2022.
AMAZON FIRST FOR REVENUES IN THE MEDIOBANCA REPORT
According to Mediobanca's photograph, turnover is increasingly concentrated in the websoft sector: the top three players, Amazon, Alphabet and Microsoft, account for half of aggregate revenues.
In particular Amazon (414.8 billion, of which 50.9% generated by retail), in first position since 2014, alone concentrates over a quarter of them, highlights the survey by the Mediobanca research area.
AND ALSO FOR WORKFORCE
At the end of 2021, the WebSoft workforce numbered almost four million people worldwide, an increase of over one million units on 2019, of which +810,000 from Amazon alone, the undisputed queen in terms of number of employees: 1,608,000 at the end of 2021 .
And also in our country, the group founded by Jeff Bezos boasts the largest number of employees in Italy (11,911 units in 2021).
YET THE E-COMMERCE GIANT EVEN HIS PERSONAL SCISSORS
However, Amazon CEO Andy Jassy announced in an internal company communication that the layoffs will continue in 2023. US media reported it last November 17.
Jassy added that the company was in the midst of an annual operational planning review in which it was making decisions about what should change in each of its businesses.
The announcement comes days after news that the e-commerce giant is preparing to oust 10,000 employees, in what could be the largest cut in the company's history while representing less than 1% of its overall workforce.
Tech giants including Microsoft, Apple and Google have been slowing their hiring for months, but now some tech companies have moved on to layoffs in a bid to weather the macroeconomic backdrop.
THE CLARIFICATION FOR ITALY
While hypotheses of about 10,000 layoffs in Amazon's 'corporate' structure are emerging and for the moment not confirmed, especially in the USA, last week rumors circulated of "adjustments" on staffing levels are also possible in Italy, where the group currently has about 17 thousand employed.
But the company promptly clarified that "no decision has been made" underlining that there are no details concerning Italy and the position with respect to the issue has not changed.
“We have no details to share regarding Italy” Amazon sources know, “as part of the annual review process of our operational plan, we always examine each of our activities and what changes we deem necessary to make. Given the current macroeconomic environment, and considering the rapid growth in terms of hiring we have experienced for several years, some teams need to be reorganized,” the company said.
THE ITALIAN NUMBERS OF AMAZON
Amazon has already created 3,000 new permanent positions in 2022, for a total workforce of more than 17,000 permanent employees in our country, the company said in its 2021 “Piano Italia” progress report released in early November. .
In 2021, the e-commerce giant founded by Jeff Bezos invested over 4 billion euros in Italy, reaching 12.6 billion euros of investments in the country since the opening of Amazon.it in 2010. In 2021 total revenues of Amazon's assets in Italy amounted to over 8.75 billion euros (+21% compared to 7.25 billion euros in 2020).
As for taxes, Amazon's total tax contribution – combining direct and indirect taxes – was over 751 million euros (+118% compared to 345 million euros in 2020).
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/giganti-del-web-amazon-primeggia-per-fatturato-e-forza-lavoro-report-mediobanca/ on Thu, 01 Dec 2022 06:39:29 +0000.