This morning, Amazon.com (NASDAQ:AMZN) announced it is hiring 70,000 full-time seasonal workers for the holidays. The company noted that this is a 40% increase over last year's number and that it plans to convert thousands of the temporary employees to full-time status after the holidays. Shares of Amazon.com were higher by 0.9% on the news.
However, Merck (NYSE:MRK) is planning to reduce its workforce by 8,500 jobs in part of its effort to lower annual costs by $2.5 billion. The 8,500 jobs being cut are in addition to the previously announced 7,500 jobs that the company said it was eliminating. In the announcement, Merck said it still plans to earn $3.45 to $3.55 per share. Shares of Merck were higher by 1.8% on the news.
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