U.S. online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business.
Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and department stores in India to secure inventory from the firm.
“We don’t take these decisions lightly. We are discontinuing this program in a phased manner to take care of current customers and partners,” a company spokesperson said in a statement.
The exit will result in layoffs of hundreds of workers.
Amazon is also planning to delay the projects that are currently in beta testing, and it will shut down its Amazon Academy learning platform in India too, but this will reportedly take time.
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It offers online test preparation resources to students to help them get admission to the country’s medical and engineering schools.
It was gathered, that layoffs will be in the “low hundreds” or some fraction of Amazon India’s workforce (of over 10,000 people) will get fired.