Amazon layoffs india

Washington: Amazon announced Wednesday it will cut more than 18,000 jobs from its workforce, citing “the uncertain economy” and the fact that the online retail giant had “hired rapidly” during the pandemic. “Between the reductions we made in November and the ones we’re sharing today, we plan to eliminate just over 18,000 roles,” said CEO Andy Jassy in a statement to his staff. The company had announced 10,000 layoffs in November. Horrible Boss: Over 70 per cent of Meta employees say that Mark Zuckerberg is a terrible leader How 4 children survived for 40 days in the Amazon jungle after plane crash Jassey said the company’s leadership was “deeply aware that these role eliminations are difficult for people, and we don’t take these decisions lightly. “We are working to support those who are affected and are providing packages that include a separation payment, transitional health insurance benefits, and external job placement support,” he said. Some of the layoffs would be in Europe, Jassey said, adding that the impacted workers would be informed starting on 18 January. He said the sudden announcement was being made because “because one of our teammates leaked this information externally.” “Amazon has weathered uncertain and difficult economies in the past, and we will continue to do so,” Jassy said. The retailer had indeed hired with a vengeance during the pandemic to meet an explosion in demand for deliveries, doubling its global staff between the beginning of 2020 and the ...

Tech and E-commerce giant Amazon has been sent a notice by Union Labour Ministry regarding the recent layoffs in India. A Anjanappa, the deputy chief labour commissioner, has summoned the company regarding the Voluntary Separation Program (VSP). Amazon's public policy manager, Smitha Sharma, has been asked to attend a hearing on Nov 23. After Amazon announced that the company would let go of 10,000 employees globally, Amazon's Indian arm started sending out VSP to its employees urging them to quit voluntarily. The VSP document shared by the company stated: “This communication is to inform you that Amazon is implementing a Voluntary Separation Program (VSP) which is temporarily available to eligible employees within Amazon’s AET organization. Pursuant to the VSP eligible employees will have the opportunity to resign voluntarily from employment in exchange for the VSP benefits described below. Application Forms to participate in the VSP must be submitted via smart forms between November 16, 2022, and no later than 6:30 am India Standard Time on November 30, 2022 (Election Period).” Business Today has reached out to Amazon for a comment on the same. The copy will be updated with their response. More: Some of the benefits provided to employees under VSP were: “A lump sum severance payment, less legally required payroll deductions, equivalent to: 22 weeks Base Pay; plus one week base salary for every six months of service (rounded to the nearest 6 months) up to a maximum benefi...

Jeff Bezos-led Amazon layoffs have come to India. As per updates, Amazon India layoffs have been gruesome and impacted over 500 workers, leaving them without jobs recently. According to a report in the Economic Times, tech giant Amazon layoffs, after impacting people in several other countries, have come to impact people in India. More so, Amazon has resorted to these job cuts across different businesses and functions including Amazon Web Services (AWS), human resources (HR) and even support functions. The report adds that this round of job cuts at Amazon India has not ended yet and still ongoing. It is also reportedly a part of the additional Amazon layoffs announced by CEO Andy Jassy in late March, which affected close to 9,000 employees world over. While most functions at Amazon have been impacted by these layoffs, the report adds that some seller onboarding functions in some tier-2 cities like Kochi and Lucknow have also been shut down as a part of the bigger restructuring process. Amazon layoffs, as reported, are the second round of job cuts by the Jeff Bezos-led tech giant in the season of mass layoffs. As the world economy continues its battle with a global economic downturn and recession fears, Amazon India layoffs come as a shock for many. However, it must be noted that in January, Amazon had announced that around 18,000 employees would be fired and the layoffs would continue all of 2023. Visually told • Protestors Vandalise Banks In Lebanon, Demand Return Of... •...

Recent layoffs in large tech companies such as Microsoft Corp MSFT, Amazon.com, Inc AMZN, Alphabet Inc GOOGL and others can have widespread implications, In a piece for Brandon Southern, the former head of analytics at eBay Inc EBAY, Amazon and GameStop Corp GME shared his thoughts as to why such layoffs occur at such big companies. "At most companies, the reason for layoffs is almost always the same: trimming expenses to achieve better margins. But many of those expenses shouldn't have existed," he wrote. According to Southern, managers are responsible for layoffs because they bloat a company when seeking promotions. Also Read: "Managers rarely inherit additional teams or team members. Instead, the only way that managers can demonstrate their ability to lead a larger team is to hire more people. By hiring more team members, the manager's scope would naturally increase, increasing the odds of being promoted," he explained. Southern also wrote that a manager's cost-saving efforts don't impact one team in isolation. "A standstill on budget or headcount reflects on the manager and the manager's manager — all the way to the top," he noted. "Even if a leader says they want more efficiency, they really want a bigger scope and promotion to help them move up as well. And efficient teams aren't helping them get there," Southern added. "Given human nature and the constant desire to build something bigger, I doubt that there is any real concern with managers trying to make their orga...

As Amazon announced to lay off 18,000 employees globally including nearly 1,000 in India, reports have surfaced that some of the impacted employees broke down and were left "crying in the office" when they heard they have been asked to go. On Grapevine, a community app for Indian professionals, an Amazon India employee posted sad scenes at offices, including people crying after the announcement of layoffs. "About 75 per cent of my team is gone. Although I'm in the remaining 25 per cent, I don't feel motivated to work anymore. They are firing people in cabins. People are crying in the office," posted the employee. IANS could not independently verify the Grapevine user who was affected in Amazon layoffs. Corporate Chat India also posted the screenshot of the user, saying "Atmosphere at Amazon India as layoffs take place". The layoffs impacted both freshers and experienced employees at Amazon India offices in Bengaluru, Gurugram and other places. The company has mostly shut down businesses which are in early stages of development. Last week, the Labour Commission Office in Pune sent a summon to Amazon regarding mass layoffs and voluntary separation policy. The letter to the IT employees' union asked for a joint discussion on January 17 over the alleged layoffs by the company in India. "Livelihood of 1000s of employees and their families has now been made vulnerable. As per procedures laid down under the Industrial Dispute Act, the employer cannot, without prior permission fro...

The post clearly explained the situation of the Amazon employee who are either being fired by the organisation or are seeing their colleagues breaking down after getting the news of firing. In his post he said 75 per cent of his team had been let go. Instead of being relaxed by the fact that he is retained by the company, employee with pseudo name ‘Batman’ expresses that he has left no motivation to work in the company anymore. Atmosphere at Amazon India as layoffs take place: “You can hear people breaking down and crying in the office "75% of my team is gone, I'm still employeed but don't feel like working anymore Link to post on Grapevine: Further, he mentioned how he was dealing with the situation of his workplace by boozing at night. At the end of the post, he said "It was pip-azon before, now it is something else". The giant e-commerce firm is planning to remove around 18,000 employees under its recent mass layoff practice. Company CEO Andy Jassy in his latest blog, shared on 4 January, informed that more than 18,000 employees will be impacted world wide from the mass layoffs. In the practice more than "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 organizations," Jassy had wrote. The impacted employees will be provided with necessary support like severance pay,health benefits, and other support. "We are working to support those who are affected and are providing pac...

Jassy said the company in November announced the “hard decision” to eliminate a number of positions across Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. He further announced the decision to eliminate 18,000 roles in 2023. Several teams will be impacted; however, the majority of role eliminations would be in Amazon Stores and PXT organizations. “We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted. However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me. We intend on communicating with impacted employees (or where applicable in Europe, with employee representative bodies) starting on January 18,” Jassy said. “These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I’m also optimistic that we’ll be inventive, resourceful, and scrappy in this time when we’re not hiring expansively and eliminating some roles. Companies that last a long time go through different phases,” he added.