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Amazon to shut down food-delivery business in India

NEW DELHI (Reuters) - Amazon (NASDAQ:AMZN) Inc will shut down a food-delivery business it was testing in India, the e-commerce giant said on Friday, a day after it announced the...
Amazon to shut down food-delivery business in India © Reuters. FILE PHOTO: Smartphone with Amazon logo is seen in front of displayed Indian flag in this illustration taken, July 30, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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NEW DELHI (Reuters) - Amazon (NASDAQ:AMZN) Inc will shut down a food-delivery business it was testing in India, the e-commerce giant said on Friday, a day after it announced the winding down of its online learning platform for high-school students in the country.

Amazon Food, a business the company was trialing in the southern Indian city of Bengaluru, would be discontinued, it said.

"As part of our annual operating planning review process, we have made the decision to discontinue Amazon Food," a company spokesperson told Reuters.

"We don't take these decisions lightly. We are discontinuing these programs in a phased manner to take care of current customers and partners."

The Economic Times earlier reported that the business would be discontinued from Dec. 29 onwards, citing a communication from the company to its restaurant partners.

On Thursday, Amazon said it was shutting down the Amazon Academy platform in India that was launched early last year amid a boom in virtual learning during the COVID-19 pandemic.

An uncertain macroeconomic environment is making the e-commerce giant review its global workforce, as the company plans to lay off around 10,000 employees in corporate and technology roles, Reuters reported last week.

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28-11-2022 08:15:34 (UTC+7)

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    EUR/USD 1.0370 ↑ Sell  
    GBP/USD 1.2055 ↑ Sell  
    USD/JPY 138.96 Neutral  
    AUD/USD 0.6693 ↑ Sell  
    USD/CAD 1.3433 ↑ Buy  
    EUR/JPY 144.10 ↑ Sell  
    EUR/CHF 0.9814 Neutral  
    Gold 1,749.10 ↑ Sell  
    Silver 21.223 ↑ Sell  
    Copper 3.5725 ↑ Sell  
    Crude Oil WTI 75.00 ↑ Sell  
    Brent Oil 82.40 ↑ Sell  
    Natural Gas 7.290 ↑ Sell  
    US Coffee C 164.40 ↑ Sell  
    Euro Stoxx 50 3,962.41 ↑ Buy  
    S&P 500 4,026.12 Neutral  
    DAX 14,541.38 ↑ Buy  
    FTSE 100 7,486.67 ↑ Buy  
    Hang Seng 17,573.58 Neutral  
    Small Cap 2000 1,869.19 ↑ Buy  
    IBEX 35 8,416.60 Sell  
    BASF 49.605 Neutral  
    Bayer 55.45 Sell  
    Allianz 205.35 ↑ Buy  
    Adidas 123.98 Neutral  
    Lufthansa 7.567 ↑ Sell  
    Siemens AG 132.06 ↑ Buy  
    Deutsche Bank AG 10.390 ↑ Buy  
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KRW16,1719,70
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