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Amazon will shut down its online learning academy in India as it is not profitable, the e-commerce major said on Friday. The company had opened the global academy in India in partnership with National Institute of Technology Delhi (NITD) last year, to boost its presence in the country's education space.
Amazon has started shutting down its global online learning academy in India and it will cease operations on December 31, 2019, it said in a statement. The company said it would continue to support NEEDs efforts with other partners who are interested in setting up similar programs at their campuses across the country."
The decision comes after an internal review of our business model and current market conditions," Amazon said in its statement.
Amazon India has announced that it will shut down its online learning academy in India. The company said that it will shift its focus onto new initiatives, including a new skill development programme. Amazon has been a major player in the Indian e-commerce space since its inception. Since then, it has emerged as a serious competitor to Flipkart and Snapdeal. In fact, Amazon’s market share has increased steadily over the years, thanks to its aggressive advertising campaigns and focus on delivering high value products at affordable prices.
Amazon has been offering online courses from its India arm for the past few years. The company launched an online learning academy in 2016, which was followed by the launch of video courses for professionals such as data scientists and entrepreneurs.
The move comes at a time when Amazon is facing intense competition from local rivals and even foreign e commerce firms such as Flipkart and Snapdeal. Amazon said it would shutter its online learning academy in India, a countrywide initiative that has been criticized by some employees. Amazon did not say how many employees were affected by the decision, but it is likely to be at least 500.
The announcement comes after a BuzzFeed News report last month that detailed how Amazon employees in India were being forced to work unpaid overtime hours at the online education initiative, which was launched in 2017. The program offered courses on topics like coding and data science and was meant to help employees develop new skills and keep up with industry changes.
The report prompted an internal Amazon investigation that revealed that some employees had been required to spend more than 12 hours per week working without compensation. Employees who protested were reprimanded or fired, according to the report. The company said it would reimburse those who worked unpaid overtime hours but said it was unable to compensate those who lost wages due to the probe into their time sheets.
Amazon is one of the biggest E-Commerce platform in India. The e-commerce giant has been on a roll since its inception and has been growing at a steady pace. With over 100 million products listed on the site, it is one of the most popular shopping platforms in the world. The company has more than 3 million sellers and 50 million products, which is more than any other e-commerce platform in India. Amazon has also crossed $100 billion in sales from its Indian operations.
Amazon offers a wide range of products to customers, including books, electronics, clothing, furniture and much more. Additionally, Amazon also offers international shipping services which make it easy for people living abroad to shop on Amazon India.
Amazon India was founded in 2013 by Reliance Industries Limited (RIL) subsidiary Reliance Retail Ltd., using their cash generated from operations of the government-owned retail chain Flipkart Group. In 2014, when Amazon acquired Whole Foods Market IncIt became India's largest supermarket chain by revenue.
Final Words
Despite being the largest E-Commerce platform, Amazon is still closing their process of learning academies in India.
