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?
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
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.
DonaldTrump
Student
2 years ago
As per Amazon employees they were asked to resign voluntarily and also Jan 2023 will be second round of layoffs .
Indusplateau
Stealth
2 years ago
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.
Discover More
Curated from across
