Business
Scores of workers may lose jobs as Amazon shuts down wholesale business in India
U.S. online retailer Amazon on Monday said that it would shut down its wholesale distribution business in India as it moved to focus more on its core retail business.
Amazon Distribution, its wholesale e-commerce website available to small neighbourhood stores in Bengaluru, Mysore and Hubli, was designed to help small stores, pharmacies and department stores in India to secure inventory from the firm.
“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.
The exit will result in layoffs of hundreds of workers.
-
Latest5 days agoIsrael marks 3 years since October 7 Hamas attack amid Gaza strikes, election debate
-
Energy5 days agoFuel Battle: Dangote, marketers and government clash over petrol imports
-
Energy6 days agoPetrol, diesel prices rise 86% in 2026 as costs hit fresh highs
-
Energy7 days agoHas Iran lost control of the Strait of Hormuz? Oil flows rebound as war disruptions persist
-
Football6 days agoNigeria’s World Cup exit under spotlight as FIFA’s DR Congo files emerge
-
Latest6 days agoUS Court set to rule on release of FBI, DEA records on Tinubu
-
Business6 days agoNigerian investors at a crossroads as fixed-income yields slide
-
Business7 days agoLoveWorld Trade and Investment Forum to Convene Business Leaders in Accra


