According to the report, Amazon’s efforts to cut costs were further spreading throughout the company, and even some small teams with little financial expenses were cut off. It is reported that Amazon is planning to shut down an online course team responsible for creating online programming and cloud computing tutorials.
The company currently offers hundreds of courses on its eLearning site, many of which are free, on topics including data science and software engineering. A source familiar with the company’s plans said the content will remain on the site, but the company will not update anything further.
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The team of fewer than 100 people was informed of the change last week. They can choose to leave Amazon with a severance package or find other positions within the company by February.
Amazon will also shut down an online learning platform in India that offers tutoring sessions for students preparing for India’s competitive engineering and medical school entrance exams, a current employee of the company said.
The app, called “Amazon Academy,” launched in January 2021 in the education technology market, at a time when competition in the field had already become fierce.
An Amazon spokesperson said: “Inside Amazon, we like to think, experiment, and invest in new ideas to delight customers. We also continuously evaluate the progress and potential of our products and services in delivering customer value, and we regular business adjustments are made based on these assessments.”
The moves are among the strictest cost-cutting measures in Amazon’s history. The e-commerce giant has regularly reinvested in its business over the past few decades, even if it means losing money. But moves like this show that the leadership team’s biggest focus right now is the company’s profitability, so they’re not going anywhere.
This new cost-cutting approach is a response to a marked slowdown in growth and a looming recession. In recent months, the company has imposed a hiring freeze across its retail operations, rolled back plans for warehouse expansions, and urged employees to “double down on savings.” Other projects the company has canceled in recent weeks include several robotics projects.
