Posted 4/16/2024, 4:53:00 PM
Amazon falls far short of Virginia jobs pledge despite $750M in subsidies
- Amazon promised to create 25,000 jobs in Virginia by 2030 in exchange for $750 million in subsidies, but shed over 200 jobs there last year
- Amazon was supposed to add over 2,500 jobs in Virginia in 2022 but instead lost jobs
- Amazon has slowed hiring globally which impacted its headquarters growth plans
- Amazon has only created about 6,600 of the 25,000 jobs promised in Virginia so far
- Virginia's subsidies to Amazon are tied to the company meeting hiring goals, so it will likely get less money due to the hiring slump