Amazon Inc will shut its food-delivery business in India from December 29, the Economic Times reported on Friday, citing a communication by the company to its restaurant partners.
Amazon India did not immediately respond to a Reuters request for comment.
With the threat of a global slowdown looming, the Seattle-based company, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money. Amazon CEO Andy Jassy said this year's review is "more difficult" due to the economic landscape and the company's rapid hiring in the last several years.
Other tech companies, many of which had gone on hiring binges in the past few years, have also been trimming their workforce amid concerns about an economic slowdown. Among others, Facebook parent Meta said last week it would lay off 11,000 people, about 13 percent of its workforce. And Elon Musk, the new Twitter CEO, has slashed the company's workforce in half this month.
