The Macomb Daily

Amazon is shuttering some India businesses amid global cuts

- — Bloomberg

Amazon.com 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 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 around the world amid slowing growth in several areas of Amazon’s business.

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