TLDRAmazon commits $400 million to rebuild two large Florida warehouses by 2028Closures at Homestead and Port St. Lucie will affect over 1,100 workersAmazon will convert both Florida sites into modern sortable fulfillment centersThe company also plans a new $240 million fulfillment center in Fort PierceEach rebuilt Florida warehouse could employ about 1,000 people after reopeningAmazon shares traded at $244.52, down 1.22%, as the company announced major warehouse investments across Florida. Amazon will spend $400 million rebuilding two large facilities while more than 1,100 workers face permanent layoffs. The company expects both renovation projects to take two years and plans tentative reopenings during 2028.Amazon.com, Inc., AMZNAmazon Rebuilds Two Major Florida WarehousesAmazon closed its 1.3-million-square-foot TMB8 warehouse in Homestead, where 616 employees face job cuts across two separate phases. The first layoffs started July 2, while another round will begin September 30 under the filed WARN notice. Workers securing internal transfers before separation can retain employment elsewhere within Amazon’s extensive logistics and fulfillment network.Amazon will also close its one-million-square-foot PBI3 warehouse in Port St. Lucie on September 17. The closure will affect 494 employees, with workforce reductions scheduled for September 17 and December 17. Together, both sites affect 1,110 workers, mostly fulfillment associates handling picking, packing, storage, preparation, and shipment duties.The Homestead property receives freight from ports and domestic suppliers before distributing products to regional fulfillment centers. Amazon will spend about $200 million converting the inbound cross-dock building into a full-scale fulfillment center. Meanwhile, the Port St. Lucie warehouse will receive another $200 million and become a sortable facility handling smaller products.Amazon Expands Its Broader Fulfillment NetworkAmazon expects each rebuilt warehouse to employ roughly 1,000 people after reopening, despite permanent separations listed in WARN notices. The company also reported that about 300 Homestead employees accepted transfers to other Amazon facilities. These transfers reduce some immediate job losses while construction changes both sites for expanded fulfillment and sorting operations.Beyond the renovations, Amazon plans a new 1.1-million-square-foot Fort Pierce warehouse costing about $240 million. City commissioners approved the development on May 4, while construction should reach completion during September 2027. The facility could create 745 permanent jobs and approximately 1,200 temporary construction positions before receiving occupancy approval in March 2028.Amazon also outlined a $48 million robotics-equipped sorting warehouse in Georgetown, Texas, covering nearly 250,000 square feet. Construction should start August 24 and finish by July 2027, according to the project filing. Meanwhile, American Eagle plans a $41 million North Carolina distribution center creating more than 200 full-time jobs.The post Amazon.com, Inc. (AMZN) Stock: Invests $400 Million to Rebuild Two Major Florida Warehouses appeared first on Blockonomi.