In Shock Move, Amazon Is Shuttering Some India Businesses
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Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market isn’t immune to CEO Andy Jassy’s cost-reduction campaign.
Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn't immune to Chief Executive Officer Andy Jassy's cost-reduction campaign. The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses. The exits will involve layoffs of just several hundred out of a workforce of thousands, leaving Amazon relying on its core offerings such as online retail in the country, according to a person familiar with the matter. Jassy is reducing expenses and jobs ...