Mercado Libre to Create 18,000 Jobs in Latin America by 2024

Mercado Libre, the leading Argentine e-commerce and financial services company, has announced plans to create 18,000 direct jobs in Latin America by 2024. The majority of these new positions, around 8,200, will be based in Mexico, followed by 6,500 in Brazil. This significant expansion will increase Mercado Libre's total workforce in the region to over 76,000 employees.

The company's recruitment drive comes after it quadrupled its headcount over the last three years, growing from 15,546 to 58,313 employees as of December 2023. The new hires will span various roles, with approximately 14,000 positions in logistics, 2,500 in IT and product development, and 1,100 in business and administrative functions.

Why this matters: Mercado Libre's job creation initiative demonstrates its commitment to driving economic growth and generating quality employment opportunities across Latin America. As one of the region's most prominent tech companies, Mercado Libre's expansion plans highlight the increasing importance of e-commerce and digital financial services in the post-pandemic era.

Mercado Libre's dedication to Mexico is evident not only in the number of jobs being created but also in the substantial financial investments planned for 2024. The company has earmarked $2.45 billion for the country this year, representing a 48% increase from the previous year. These funds will be directed towards bolstering e-commerce operations, expanding the Mercado Pago financial services platform, and enhancing logistics infrastructure with new distribution centers.

Interested candidates can explore and apply for the 187 job openings currently available in Mexico through Mercado Libre's online platform. The company's recruitment and hiring strategy is viewed as a commitment to serving as a growth engine for Latin America and generating quality employment in the region.

Marcos Galperín, the Argentine tycoon who leads Mercado Libre, emphasized the company's focus on inclusion and its role in driving technological and socio-economic development across Latin America. "Mercado Libre's growth in recent years has been driven by its operations in Mexico and Brazil," Galperín stated, underscoring the significance of these two markets in the company's expansion plans.

Key Takeaways

• Mercado Libre to create 18,000 direct jobs in Latin America by 2024.
• Mexico to get 8,200 new jobs, Brazil 6,500, increasing total workforce to 76,000.
• Mercado Libre to invest $2.45B in Mexico in 2024, a 48% increase from 2023.
• New hires to span logistics, IT, product development, and business functions.
• Mercado Libre's expansion highlights growth of e-commerce and digital finance in Latin America.