(PTI): E-commerce giant Amazon plans to terminate approximately 1,000 employees in India as part of its largest global retrenchment exercise, reported news agency PTI. Due to uncertain economic conditions, the company has announced the elimination of over 18,000 roles worldwide. On 5th jan.23, the company announced that it would cut more than 18,000 jobs from its workforce, citing an ‘uncertain economy’ and the fact that the retail giant has ‘hired rapidly over the last several years.’
The source told PTI, “the decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India.”
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The report cited another source saying that in India Amazon has 1 lakh employees and the headcount reduction decision will affect 1 per cent of its workforce in the country.
On January 5, Amazon CEO Andy Jassy informed the company’s decision to eliminate 18,000 roles across the globe. He said, “between the reductions, we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organisations.”
Amazon decided to eliminate a number of positions across devices and books businesses in November. The company also announced a voluntary reduction offer for some employees in its people, experience, and technology (PXT) organisation.
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