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Friday, April 12, 2024

Amazon Lays Off Around 500 Employees In India Across Verticals

Amazon is amongst a number of giant tech firms which might be trimming their ranks

New Delhi:

Amazon has laid off about 500 staff in India throughout completely different verticals, sources have mentioned. 

This recent spherical of downsizing is a part of the broader layoffs introduced by CEO Andy Jassy in March, affecting roughly 9,000 staff.

The method is ongoing, folks acquainted of the matter mentioned, including that the workers are being laid off from Net Companies, Human Sources and Help division.

Sources say some affected staff are a part of Amazon’s international groups performing from India.

In a word to workers that Amazon posted on-line, Mr Jassy – whereas asserting 9,000 job cuts – had mentioned the choice stemmed from ongoing evaluation of priorities and uncertainty concerning the financial system.

The world’s largest on-line retailer spent a lot of final 12 months adjusting to a pointy slowdown in e-commerce development as customers returned to pre-pandemic habits.

Amazon is amongst a number of giant tech firms which might be trimming their ranks, together with Meta and Google.

The corporate had first introduced in January that it might lay off roughly 18,000 staff following the decline of tech shares throughout the globe.

Sources say Amazon’s e-commerce enterprise in India has skilled a slowdown in development, highlighting the difficult market circumstances within the nation.

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