E-commerce Giant Amazon's Mass Layoffs Likely To Include Hundreds Of Job Cuts For Employees In India
Just a few days after Amazon became the world's first ever public company to lose $1 trillion in market value, the e-commerce giant's mass layoffs were announced this week. Hundreds of Amazon India employees, especially in the shared services, back-office and retail operations, are under threat from the layoffs.
Just a few days after Amazon became the world's first-ever public company to lose $1 trillion in market value, the e-commerce giant's mass layoffs were announced this week.
The mass layoffs, which include 10,000 job cuts, are likely to start as soon as this week and include a layoff exercise in India as well. This could potentially impact hundreds of employees across divisions as part of a global plan to deal with slowing sales, multiple people aware of the matter said, as reported by ET.
The Jeff Bezos-founded company, which operates various businesses in India including e-commerce, data centres under Amazon Web Services, and Prime Video, is expected to let go of 10,000 corporate and technology employees.
While the exact number of affected employees in India is not yet finalised, sources said the cuts could go ¡®deeper¡¯ than a few hundred given Amazon¡¯s sizeable workforce here. The estimate is one lakh.
¡°The retrenchment is happening here (India) and discussions are underway on the numbers,¡± one of them said, as per the report. ¡°There is a sense it (layoffs) might be relatively higher as compared to peers like Meta-owned Facebook and others where India was not affected in a big way.¡±
Which Departments Will Be Impacted?
The layoffs are likely to be across engineering and other departments, similar to the global process followed by Amazon.
An executive working at a recruitment services firm in Bengaluru reportedly said hundreds of employees, especially in the shared services, back-office and retail operations, are under threat from the Amazon layoff exercise in the country.
Besides its key offices in Bengaluru, Amazon India also has employees working from coworking spaces across Indian cities.
Also, these job cuts at Amazon come shortly after its founder Jeff Bezos recently said that he plans to donate most of his $124 billion wealth during his lifetime.
Lay off List Keeps Expanding
With these mass layoffs, Amazon has joined the list of many giant organizations across sectors that have been laying off their employees amid an economic slowdown and recession fears. Facebook's parent company Meta announced laying off 11,000 employees recently. Elon Musk¡¯s Twitter, too, fired about 3,700 employees, i.e. around 50% of its workforce. Prior to that Musk had already fired many of Twitter¡¯s top executives, including ex-CEO Parag Agrawal in late October.
Many other companies, including Intel, Tesla, Snap, Ford and Microsoft have already done layoffs in recent months.
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