MercadoLibre Bucks Big Tech Layoffs By Adding 13,000 Jobs
- Latin America e-commerce leader head count to reach 53,000
- Stock has gained 55% this year, outperforming Nasdaq
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MercadoLibre Inc., the largest e-commerce company in Latin America, plans to add thousands of jobs this year as it expands its logistics business, even as global tech firms cut jobs and growth cools in the region.
The company will hire 13,000 people, bringing its total headcount to 53,000 in a bet that online ordering will continue to grow, said Sebastian Fernandez Silva, the company’s chief people officer, in an interview. The hiring will be focused on roles involved in locations that sort and send packages in Brazil and Mexico, but will also expand its tech and product teams.