Monday, January, 30,2023

Latest News

Amazon.com shuts down wholesale distribution biz in India

New Delhi: The e-commerce giant, Amazon.com, has announced that it is discontinuing Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysuru and Hubli.

Amazon Distribution was designed to help small stores, pharmacies and department stores in India to secure inventory from Amazon. "We don't take these decisions lightly. We are discontinuing this program in a phased manner to take care of current customers and partners and we are supporting our affected employees during this transition," a spokesperson of the company said in a statement.
The e-commerce giant last week had said that it would be shutting its food-delivery business and online learning academy in India.
"At Amazon we think big, experiment, and invest in new ideas to delight customers. We also continually evaluate the progress and potential of our products and services to deliver customer value, and we regularly make adjustments based on those assessments," a spokesperson of the e-commerce giant said.

"As part of our annual operating planning review process, we have made the decision to discontinue Amazon Distribution, our wholesale e-commerce website for small neighbourhood stores around Bengaluru, Mysore and Hubli," the spokesperson said.
The exit would result in layoffs of hundreds of workers, with Amazon now focusing only on its core business like online retail, according to the report.

On November 17, Amazon began the process of cutting jobs across the company this week, US media reports said.
"After a deep set of reviews, we recently decided to consolidate some teams and programs. One of the consequences of these decisions is that some roles will no longer be required," hardware chief Dave Limp wrote in a memo to workers on November 16. (ANI)

  Share on

Related News

Lawrence Bishnoi's gang member opens fire at premises of ...

RSS leader slams DMK's TR Balu on claims of demolishing Hindu temples

RSS leader slams DMK's TR Balu on claims of demolishing H...

Jammu: Five girls from Sunderbani tehsil crack J-K administrative services

Jammu: Five girls from Sunderbani tehsil crack J-K admini...

Pakistan: Explosion reported in Peshawar mosque, 50 injured

Pakistan: Explosion reported in Peshawar mosque, 50 injured

Crowd hurls bottle at singer Kailash Kher during concert in Karnataka; police detain 2

Crowd hurls bottle at singer Kailash Kher during concert ...

Air India to use software for real-time intelligence, reporting, status of in-flight incidents

Air India to use software for real-time intelligence, rep...

3 killed in head-on collision between SUV, truck in Rajasthan

3 killed in head-on collision between SUV, truck in Rajas...

BBC documentary row: 10 Rajasthan varsity students suspended

BBC documentary row: 10 Rajasthan varsity students suspended

google ad
-->