Amazon postpones joining date of several IIT, IIM hires

By Ankita Chakravarti: After firing thousands of employees, Amazon has now postponed joining dates of several IIT and IIM hires, as per a report published by Business Today. The publication has exclusively spoken to people from IITs and IIMs, whose offers were deferred by Amazon. The tech giant recently removed close to 9000 employees after firing more than 18000 employees earlier this year. Amazon has been dealing with the issue of overhiring and the now the tech company has directed its focus towards cutting costs and increasing the revenue of the company.

An IIT Bombay graduate told BT that he was hired as the Software Development Engineer but his offer letter has been deferred to January now.

“I was recruited at Amazon at SDE-1 with a CTC of around 30 lpa. I was supposed to join in June, but I got an email from HR saying that the offer has been deferred. My next joining is set in January. This is across IITs. I know several other people from other campuses who had interned with me, even their offer letters have been deferred,” he said.

The IIT graduate further added that six months is too long a time to be without a job and he cannot wait till then. He also said that he will start looking for new opportunities. “I can’t wait for six months, it will not reflect well on my profile. The market is tough but I have started connecting with alumni and started looking for other opportunities,” he said.

Several people from the NIITs also told the publication that their offer letters were deferred. “Offer letters of NIT students have also been deferred. Some have also been revoked it has come to my notice,” a placement cell coordinator from an NIT told the publication.
Last week, Amazon implemented another wave of layoffs, affecting around 500 employees across various departments in India. This downsizing initiative is part of the broader reduction in workforce announced by CEO Andy Jassy in March, impacting approximately 9,000 individuals. Notably, Amazon joins the ranks of other prominent tech companies, including Meta and Google, who have also been streamlining their employee numbers in recent times.

— ENDS —

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.