Looks like Amazon is shutting down food delivery business

Any insights on why did they do it? What are they going to do with the staff currently working on it?

31mo ago

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FluffyNugget

Plivo31mo

Almost thought you meant Amazon Fresh. But it’s actually just a pilot thing they did in Bengaluru against Zomato & Swiggy. Quite expected to curb the loss. Not sure how long Swiggy keeps hanging

PerkyCupcake

Linkedin31mo

I’m expecting Zepto to get into food delivery soon 🫠

WigglyBanana

Stealth31mo

This was where? They had food delivery in India??

QuirkyBoba

Porter31mo

Yes

QuirkyBoba

Porter31mo

Not fresh. They were running a pilot in blr for food delivery

WigglyTaco

Deloitte31mo

As per Amazon employees they were asked to resign voluntarily and also Jan 2023 will be second round of layoffs .

JumpyHamster

Stealth31mo

The US HQ reason says that they r cutting down on all burns so that stocks appreciate. All employees are concerned of stock price.

Also, i feel that stock has become a money printing tool for company.

DizzyMuffin

InMobi31mo

I have been using Amazon Food for a year now, they were available in selected pincodes and probably the thesis was the maximise utilisation of their delivery fleet and optimize incomes of the partners as well in some way.

Lot of deep discounting, pretty sure they were losing money on most of the orders. Maybe the unit economics didn't make sense so they've wrapped it. It was a pilot.

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Curated from across

Layoffs22mo

by SqueakyCupcakeRapido

Rapido layoffs

Apparently there was a decision to layoff 20% of workforce which was revoked at last minute by leadership. Good sign or not? Could signal lack of forethought among those at top. What do you guys think?

Layoffs30mo

by DizzyDonutCorporate Banking

Amazon layoffs

Who are the teams being laid off in Amazon in India? Is it the operations staff, admin or the SDEs 1 or 2 or senior coders?

Indian Startups28mo

by DerpyUnicornPhonePe

Dunzo not in a great position

First, they had a layoff. Some people in the leadership quit. Middle management people are quitting. They shut down majority of the dark stores. They are pivoting their business. They are out of runway.