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Business News/ News / India/  Amazon, amid layoff scares, postpones issuing offer letters to campus hires in India until January 2024: Report
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Amazon, amid layoff scares, postpones issuing offer letters to campus hires in India until January 2024: Report

Amazon deferring the issuance of offer letters appears to have affected numerous students from IITs.

FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo/File Photo (REUTERS)Premium
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo/File Photo (REUTERS)

Amazon has reportedly postponed the issuance of employment offer letters to campus hires from prestigious Indian institutions such as the Indian Institutes of Technology (IITs) and the National Institutes of Technology (NITs).

A recent graduate from IIT Bombay, who had secured a position as a Software Development Engineer at Amazon, disclosed to Business Today that his offer letter had been deferred until January, instead of the originally planned June commencement.

The deferral of offer letters appears to have affected numerous students from IITs, as indicated by the affected graduate, who mentioned that this situation is widespread across IIT campuses. The graduate further noted that several individuals who had interned alongside them from various campuses also experienced the deferral of their offer letters.

Also Read: Meta layoffs - Top executives in India lose jobs

Likewise, students from NITs have also received intimations regarding the deferral of their offer letters, and there have even been instances where the offers were subsequently revoked.

In response to these developments, Business Today has sought a comment from Amazon, awaiting an official statement on the matter. LiveMint could not independently verify the claim.

The impacted graduate from IIT expressed concerns over the prolonged waiting period of six months, prompting him to actively seek alternative job opportunities to avoid potential negative implications on his professional profile. Despite acknowledging the challenges posed by the current job market, he has initiated networking with alumni and exploring other avenues for employment.

Also Read: Disney begins 3rd round of layoffs, likely to sack 2500 employees

Several prominent technology giants, such as Google and Amazon, have been recruiting H1B foreign workers for specialised positions in the United States, despite ongoing layoffs in the tech industry.

Meanwhile, Amazon India has issued a statement on the issue. ""In light of the challenging economic conditions, we're delaying the start dates for some of our college hires by up to six months. We're offering assistance to help address any financial impact. This decision does not involve revoking or rescinding any offer letters that have been extended to students. Amazon remains committed to university recruiting and developing next generation of leaders and builders," it said.

In March, Amazon CEO Andy Jassy made a public announcement regarding the company's decision to terminate an additional 9,000 employees. This latest round of layoffs represents the largest workforce reduction implemented by Amazon thus far, following the prior dismissal of approximately 18,000 employees.

On the other hand, recent reports indicate that companies in Silicon Valley, which have already experienced significant downsizing, may potentially announce further workforce reductions. Notably, the roster of firms engaging in this practice includes Google, Meta, Amazon, Zoom, Salesforce, Microsoft and Palantir.

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ABOUT THE AUTHOR
Sounak Mukhopadhyay
Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and sports. Before working with digital news publications, he worked as a freelance content writer.
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Published: 25 May 2023, 02:31 PM IST
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