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Amazon | Amazon is now closing this business in India, hundreds of employees will be unemployed

Amazon Layoff

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new Delhi : Amazon, the world’s largest and American giant tech company, has a very wide business in India. Due to the ongoing recession in the market since Kovid 19, Amazon has been making big decisions continuously. While on the one hand, the retrenchment process of 10,000 employees was started recently, on the other hand, Amazon has decided to close many of its businesses as well.

Why is business closing in India

The Amazon company has recently decided to discontinue its food delivery and education services as well. This is because Amazon had invested heavily to establish business in the FMCG sector in India. But he did not get any special benefit in this sector.

Because the company is dominated by companies like Reliance Industries, Walmart, Flipkart and Tata Group. This is the reason why Amazon did not get much profit in the FMCG sector. Because of which Amazon has now decided to close this sector in India.

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Retrenchment of 10 thousand employees

Significantly, slow growth has been seen in many places in Amazon’s business worldwide. Because of which Chief Executive Officer Andy Jassy is cutting expenses and jobs worldwide. Amazon has more than 1.6 million employees worldwide. According to the information, the company has started the retrenchment process of 0.6 percent i.e. about 10,000 employees.

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