Business

Amazon Begins Global 'Restructuring', Lays Off 60 Employees In India

DIVYIA ASTHANA | 0
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| April 3 , 2018 , 12:36 IST

E-commerce giant Amazon has been expanding rapidly in multiple fields as well as multiple nations, however, the firm has now begun its global 'restructuring' process, media reported on Tuesday.

Last week, Amazon India reportedly asked 60 employees to leave from the company, all from its Human Resources department, and is expected to lay off more employees in the coming weeks.

"As a global organisation, we have recognised the need to organise our teams to keep us agile and help us use our resources optimally. This has impacted a small number of roles within the company and we are providing complete support to the impacted employees, including the option of relevant internal postings and outplacement services," the Amazon spokesperson said.

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The spokesperson added that even though the company is conducting layoffs, it is also hiring for multiple roles and has 4,000 vacancies in India.

Daniel Ives, Chief strategy officer at New York-based market research firm GBH Insights was quoted by the Ecomic Times as saying that the layoff were a part of Amazon's global reorganisation plan.

"This is part of a global reorganisation as Amazon and (CEO Jeff) Bezos look to strategically deploy resources into high-growth and priority areas to further drive the consumer flywheel over the coming years," said Ives.

In the fourth quarter of 2017, Amazon had hired around 25 percent more employees as compared to the previous year based on its performance improvement plans (PIPs), which may be connected with the layoffs that the company is conducting.

In February 2018, Amazon had also announced layoffs for hundreds of employees at its Seattle headquarters.