Retrenchment: At present there is a huge shortage of jobs in India. Apart from this, on the other hand, the companies here are firing people. Veteran e-commerce company Amazon is laying off people working in India. Explain that the company is engaged in the process of retrenchment of about 500 employees in the country. It was announced by Amazon CEO Andy Jassy in late March, affecting 9000 employees of this company worldwide.
Amazon will remove 18 thousand employees
Seller onboarding function has been discontinued in Kochi and Lucknow. However, Amazon’s sources have not given any reaction on this. Amazon is laying off employees for the second time in recent months. The company had earlier this year talked about laying off around 18,000 employees. In November 2022, there was news that Amazon would eliminate many jobs from India under its global plan.
Amazon closed many of its businesses in India
Amazon is still growing the company. One of its largest sellers, Appario, is transferring inventory to a new seller to comply with regulations in India. Last year, Amazon spun off several of its businesses in India including food, delivery, edtech and wholesale distribution.
Amazon layoffs continue
Let us tell you that in the last January, the company had laid off employees in many of its offices including Gurugram, Bengaluru. Most of the retrenchments have been done from loss-making departments. Due to the economic recession, there has been a stir in most of the IT companies. Due to the fear of global recession, many other companies are also engaged in retrenchment of their employees.
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