An American multinational technology company focusing on e-commerce, Amazon is laying off about 500 employees in India.
According to the reports of the Economic Times, Amazon India will layoffs across different businesses and functions including Amazon Web Services (AWS), human resources, and support functions.
Additionally, Some of Amazon’s onboarding functions in tier-2 cities such as Kochi and Lucknow have also been shut down as a part of the restructuring.
These layoffs have a global impact, affecting approximately 9,000 employees across various regions.
Earlier, CEO Andy Jassy said, “Someone may ask why we didn’t announce these 9,000 role reductions with the ones we announced a couple of months ago.”
“As our internal businesses evaluated what customers most care about, they made re-prioritization decisions that sometimes led to role reductions, sometimes led to moving people from one initiative to another, and sometimes led to new openings where we don’t have the right skills match from our existing team members”, he said.
He further added, “This initially led us to eliminate 18,000 positions (which we shared in January); and, as we completed the second phase of our planning this month, it led us to these additional 9,000 role reductions (though you will see limited hiring in some of our businesses in strategic areas where we’ve prioritized allocating more resources).”
Apparently, Major tech companies are laying off employees exponentially due to economic uncertainties. The move of layoffs is part of a larger trend of tech companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
So far in 2023, there have been 944 layoffs at tech companies with 268,965 people impacted (1,978 people per day). In 2022, there were 1,557 layoffs at tech companies and 243,318 people impacted (667 people per day).
