Stock Market News

Amazon closes in India

2022.11.25 12:10


Amazon closes in India

Budrigannews.com – A day after announcing the end of its online learning platform for Indian high school students, Amazon Inc. said on Friday that it would close a food delivery business it was testing in India.
It stated that Amazon Food, a business the company was testing in the Indian city of Bengaluru in the south, would be discontinued.

A spokesperson for the business stated to Budrigannews “We have made the decision to discontinue Amazon Food” as part of the annual operating planning review process.

“These decisions are not taken lightly by us.To take care of our existing partners and customers, we are gradually ending these programs.”

A communication from the company to its restaurant partners was cited in an earlier report by The Economic Times, which stated that the company would cease operations on December 29.

During the COVID-19 pandemic, Amazon announced on Thursday that it was discontinuing the Amazon Academy platform in India, which had been launched at the beginning of the year.

According to a report published last week by Reuters, the e-commerce giant plans to lay off approximately 10,000 employees in roles related to technology and corporate operations as a result of a review of its global workforce brought about by the uncertain macroeconomic environment.

Amazon closes in India

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 98,238.32 0.05%
ethereum
Ethereum (ETH) $ 3,437.00 1.46%
tether
Tether (USDT) $ 0.999578 0.02%
xrp
XRP (XRP) $ 2.25 2.29%
bnb
BNB (BNB) $ 707.05 0.57%
solana
Solana (SOL) $ 194.98 1.98%
dogecoin
Dogecoin (DOGE) $ 0.325485 2.50%
usd-coin
USDC (USDC) $ 1.00 0.02%
staked-ether
Lido Staked Ether (STETH) $ 3,433.27 1.46%
cardano
Cardano (ADA) $ 0.896005 3.25%
tron
TRON (TRX) $ 0.254539 0.79%
avalanche-2
Avalanche (AVAX) $ 39.23 5.02%
chainlink
Chainlink (LINK) $ 23.70 5.07%
the-open-network
Toncoin (TON) $ 5.87 0.18%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,086.68 1.23%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 4.01%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,206.31 0.48%
sui
Sui (SUI) $ 4.38 4.82%
hedera-hashgraph
Hedera (HBAR) $ 0.307748 1.20%
stellar
Stellar (XLM) $ 0.372746 4.61%
polkadot
Polkadot (DOT) $ 7.26 2.60%
weth
WETH (WETH) $ 3,439.48 1.45%
bitcoin-cash
Bitcoin Cash (BCH) $ 454.11 2.42%
bitget-token
Bitget Token (BGB) $ 6.28 21.06%
leo-token
LEO Token (LEO) $ 9.47 0.63%
hyperliquid
Hyperliquid (HYPE) $ 26.03 13.13%
litecoin
Litecoin (LTC) $ 107.60 0.85%
uniswap
Uniswap (UNI) $ 13.35 6.21%
pepe
Pepe (PEPE) $ 0.000018 5.34%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,630.17 1.48%
near
NEAR Protocol (NEAR) $ 5.28 4.95%
ethena-usde
Ethena USDe (USDE) $ 0.998981 0.04%
usds
USDS (USDS) $ 1.00 0.05%
aave
Aave (AAVE) $ 353.56 5.63%
aptos
Aptos (APT) $ 9.28 5.24%
internet-computer
Internet Computer (ICP) $ 10.82 4.81%
crypto-com-chain
Cronos (CRO) $ 0.154849 4.48%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.499764 3.98%
mantle
Mantle (MNT) $ 1.21 1.55%
vechain
VeChain (VET) $ 0.049491 5.27%
ethereum-classic
Ethereum Classic (ETC) $ 26.71 3.47%
render-token
Render (RENDER) $ 7.33 5.78%
whitebit
WhiteBIT Coin (WBT) $ 24.76 0.36%
bittensor
Bittensor (TAO) $ 480.48 4.40%
mantra-dao
MANTRA (OM) $ 3.70 2.65%
monero
Monero (XMR) $ 189.99 3.29%
dai
Dai (DAI) $ 1.00 0.05%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.31 4.93%
arbitrum
Arbitrum (ARB) $ 0.777938 3.83%
filecoin
Filecoin (FIL) $ 5.16 4.37%