Amazon to shut down food-delivery business in India! 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. 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. #foodtech #fooddelivery #grocerydelivery #fridaytakeaway
Logistics Optimization Expert | Founder & CEO at Delivr apps
1yStephan Soroka🇺🇦 zomato stopped services in uae last month, deliveroo in Australia & now amazon in india- all in a period of 3 months. Just confirms that the model is broken & margins are skewed heavily towards delivery companies, who may be spending too much ops & marketing to justify their existence in respective markets