After EdTech and food delivery business, Amazon discontinues wholesale distribution in a phased manner
Amazon on Monday announced to shut down its wholesale distribution business in India in some parts of Bengaluru, Mysore, and Hubli. This move comes amid an exercise to wind up certain verticals as part of a global exercise to cut costs. However, the company has denied laying off people in India.
The e-commerce major is discontinuing Amazon Distribution, it’s a wholesale e-commerce website. The company earlier shut down its food delivery and online learning platform called Academy in India.
“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.
Amazon launched its distribution service to empower local Kirana stores, pharmacies, and department stores in the country.
Last week, Amazon said it is shutting down its food delivery business in India, a day after it announced to shut down its EdTech vertical in the country. Amazon started its food delivery service in India in May 2020.
“As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food,” said a company spokesperson.
[With Inputs from IANS]
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good decisions. they are unviable and those who start them are only for IPO money which goes as salaries (salaries to family members) & then file bankruptcy to exit
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