Amazon lays off 500 employees in India: Reports

Reports indicate that Amazon has laid off around 500 employees in India, citing business restructuring as the reason for the layoffs. The move is part of the company’s efforts to streamline operations and focus on growth areas amid stiff competition in the Indian e-commerce market.

Sources familiar with the matter suggest that the layoffs were primarily in the areas of customer support and seller services, with most affected employees being offered severance packages. The company has also reportedly offered some employees the option to be re-deployed to other roles within the organization.

Despite the layoffs, Amazon remains committed to the Indian market and plans to continue investing in growth opportunities. The company has been expanding its footprint in the country, with initiatives such as launching new services and investing in logistics infrastructure.

The layoffs come at a time when Amazon is facing increasing competition from local rivals such as Flipkart and Reliance Retail. The Indian e-commerce market has been growing rapidly in recent years, with the pandemic accelerating the shift to online shopping.

In response to the layoffs, Amazon has stated that it remains committed to the welfare of its employees and will continue to provide them with support during this transition. The company has also expressed confidence in its ability to navigate the challenging business environment in India and emerge stronger.

Re-reported from the story originally published in  Hindustan Times