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Amazon Lays Off Around 500 Employees In India Across Verticals

Clever Read by Clever Read
May 16, 2023
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Amazon Lays Off Around 500 Employees In India Across Verticals

Amazon Workers in Upstate New York File Petition to Conduct Union Election

This new round of layoffs is part of a broader layoff announced by CEO Andy Jassy in March, affecting approximately 9,000 employees.

The process is ongoing, people familiar with the matter said, adding that employees from the web services, human resources and support departments are being laid off.

Some of the affected employees are part of Amazon’s global teams operating out of India, sources said.

In a note to employees posted on Amazon Online, Mr Jassi – while announcing 9,000 job cuts – said the decision stemmed from an ongoing analysis of priorities and uncertainty about the economy.

 

The world’s largest online retailer has spent much of the past year adjusting to a sharp slowdown in e-commerce growth as shoppers return to pre-pandemic habits.

 

Amazon is dropping their rankings on several major tech companies, including Meta and Google.

The company first announced in January that it would lay off about 18,000 employees following a slump in tech stocks worldwide.

Sources say Amazon’s e-commerce business in India has experienced a slowdown in growth, highlighting challenging market conditions in the country.

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