Amazon India Reportedly Lays Off 500 Employees Amid Market Challenges

In a move aligned with the broader downsizing strategy announced by CEO Andy Jassy, Amazon has reportedly laid off approximately 500 employees in India. The ongoing process primarily affects the Web Services, Human Resources, and Support departments, with some impacted individuals being part of Amazon’s global teams based in India.

CEO Andy Jassy had previously revealed plans to reduce the company’s workforce by around 9,000 employees. The decision was attributed to a comprehensive analysis of priorities and uncertainties surrounding the economy. As one of the world’s largest online retailers, Amazon faced the task of adjusting to a slowdown in e-commerce growth, driven by customers reverting to pre-pandemic shopping habits.

Also Read: PM Narendra Modi Set To Distribute 71,000 Appointment Letters At Bhopal’s Rozgar Mela Tomorrow

It’s worth noting that Amazon’s downsizing efforts align with similar measures undertaken by other tech giants, including Meta and Google. In January, Amazon had initially announced plans to lay off around 18,000 employees, prompted by the decline of tech stocks worldwide.

Sources indicate that Amazon’s e-commerce business in India has experienced a noticeable deceleration in growth, reflecting the challenging market conditions prevailing in the country.

Also Read: “Another Delhi School Receives Bomb Threat, Marking Fourth Such Incident This Year”