500 Employees laid off…
New Delhi: On Tuesday, 16 May 2023, Amazon laid off Nearly 500 employees in India, sources said.
This fresh round is part of the larger layoffs announced by CEO Andy Jassy in March, affecting more than 9,000 employees.
The process is going on, people said they were familiar with the matter.
The employees are being laid off from Web Services, Human Resources, and Support departments.
Sources say some affected employees are part of Amazon's global teams functioning from India.
In a note to staff, Mr. Jassy - while announcing 9,000 job cuts - had said the decision stemmed from an ongoing analysis of priorities and uncertainty about the economy.
The world's largest online retailer spent last year adjusting to a sharp slowdown in e-commerce growth as shoppers returned to pre-pandemic habits.
Amazon is among several large tech companies that are trimming their ranks, including Meta and Google.
In January, the company first announced that it would lay off 18,000 employees following the decline of tech stocks across the world.
Sources say Amazon's e-commerce business in India has experienced a decline in growth, highlighting the challenging market conditions.
The Brief. Sign up to receive the top stories you need to know right now.