Amazon Stock Surges as Company Invests Big in Employee Pay
Amazon's stock price continued its upward trend in after-hours trading on October 1, 2026. According to AD HOC NEWS, the company's shares were valued at EUR 221.88, representing a 0.83 percent increase from the prior close of EUR 220.05 at Lang & Schwarz.
This news comes shortly after Amazon announced its plans to invest over $1.5 billion in higher pay for its U.S. core operations employees on September 16, 2026. The company stated that minimum starting pay for eligible full-time roles would rise to $20 per hour, with average hourly pay reaching nearly $24 and total compensation exceeding $32 per hour when benefits are included.
The move is seen as a significant step in the e-commerce giant's efforts to attract and retain top talent. However, it remains to be seen how this will impact Amazon's bottom line in the long run.