Global recession fallout: Amazon to shut down Indian operations
Srinagar, Nov. 29 -- Call it recession fallout, Amazon.com Inc. is shutting down parts of Indian operations
The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods to small businesses. The exits will involve layoffs of just several hundred out of a workforce of thousands, leaving Amazon relying on its core offerings such as online retail in the country, according to a person familiar with the matter.
Jassy is reducing expenses and jobs around the world amid slowing growth in several areas of Amazon's business.
In India, the pullback underscores Amazon's struggles in one of the world's fastest-growing e-commerce markets, where it's facing regulatory heat and compe...
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