As the market hit hard, most tech companies are facing tough situations this year. Even big internet multinational companies like Twitter, Meta, and Amazon laid off thousands of their working staff.
E-commerce giant Amazon India unit is likely to lay off some of its employees, people with awareness informed the Economic Times. The exact number of layoffs in India is yet to be released. But one thing is for sure, layoffs could be as large as a few hundred, as compared to the size of Amazon’s workforce where it had about 100,000 employees working in India’s unit. Layoffs are being performed as a part of a global plan to deal with slowing sales.
“There is a sense it might be relatively higher as compared to peers like Meta-owned Facebook and others where India was not affected in a big way,” the person added.
The cut-offs could be from engineering and other departments but the most vulnerable workforce are those who work in shared services, back-office, and retail operations, as per reports.
On Monday, a person familiar with the situation informed Global media that Jeff Bezos, the founder of Amazon which operates different types of business across India including e-commerce, and data centers which are under Amazon Web Service and Prime video is expected to lay off around 10000 employees from corporate and technology sectors beginning this week.
The global cut-off would be the largest in Amazon’s history and as per reports, the Amazon corporate staff layoff could be around 3%. Though the numbers may vary from business to business as their priorities will be reviewed by Amazon, the source told Reuters.
Hundreds of Amazon India workers employed in the shared services, back-office, and retail operations, are in danger from the firing exercise, according to an administrator working at a recruitment services firm in Bengaluru. The job cuts will be across engineering and other departments.
This comes after Amazon’s local arm in May said it yielded total employment of over 1.1 million, including indirect and agreement jobs.
Previously, Mark Zuckerberg’s Meta Platforms also declared openly that it would trim more than 11,000 jobs as part of cost-cutting efforts. About 3,700 workers or a percent of the Twitter workforce were removed as well in the mass layoffs at the company post Elon Musk’s takeover late last month.
Several Indian workers have also been hit by the large-scale layoffs at Twitter (50 percent workforce laid off) and Facebook parent Meta (13 percent of employees). Hopeless employees are now taking to social media channels like LinkedIn to reach out to their networks in the hunt for fresh jobs.
