Amazon is hunting for technology experts in Argentina, dangling fatter paychecks in its bid to acquire better talent.
The US retail behemoth is trying to hire at least 107 employees in Argentina, offering a monthly salary of up to half a million Argentinean pesos (US$4,000).
Most of the new hires would be able to work from home, according to local Spanish news portal infozona.com.
The news comes weeks after reports that the retailing giant is planning to launch its marketplace in Colombia and Chile, where the market is dominated by Argentina’s Mercado Libre.
Amazon’s expansion plans had rippling effects in Wall Street, with Mercado Libre’s shares falling nearly 8% after the announcement.
Amazon is scaling back hiring and sub-leasing warehouse space in most countries, this in anticipation of a global economic slowdown. Neverhteless, it wants to expand operations in Latin America.
That could be due to the expectations for significant growth in the volume of Latin America’s e-commerce transactions. A study conducted by Euromonitor sees a 20% jump by 2025, with growth in Argentina alone reaching 56%.
Amazon, according to local news publications, is hopeful that its operations in Colombia and Chile could generate US$2.8 billion in revenue over the next 5 years. It has also been reported that the US retailing giant is partnering with Chilexpress, a logistic services provider.