Shulou(Shulou.com)11/24 Report--

According to reports on the afternoon of November 28, Beijing time, Amazon announced today that it will gradually close some of its operations in the Indian market as part of cost-cutting measures.

Amazon said it would withdraw from India's food delivery market and door-to-door delivery of packaged consumer goods for small businesses. In addition, several projects under Beta testing may also be put on hold, according to people familiar with the matter. A few days ago, Amazon announced that it would shut down Amazon Academy, its learning platform in India, in the coming months.

This means that while India is a key growth market with 1.4 billion consumers, it is not immune from Amazon CEO Andy Jassy's cost-cutting plan. CEO Jassi is cutting costs and layoffs around the world as growth slows in many of Amazon's business areas.

The withdrawal highlights the difficulties Mason faces in the Indian market. In India, Amazon is facing increasing regulatory pressure and fierce competition from local companies, including Reliance Industries, Tata Group and Wal-Mart's Flipkart. Amazon has invested billions of dollars in India over the past decade in everything from food and grocery distribution to payments, but has failed to win the kind of dominance it enjoys in markets such as the US.

Hundreds of people will be laid off as a result of the adjustment, according to a person familiar with the matter. After the adjustment, Amazon will focus on its core business in India, such as online retail.

Around the world, Amazon plans to cut about 10,000 jobs, which will be the largest layoff in the company's history, according to people familiar with the matter. Amazon has already frozen hiring for some jobs and closed several experimental and smaller projects.

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