Amazon India is putting on hold sending out employment offer letters to campus recruits from renowned Indian institutions, including IITs and NITs.
“Challenging economic conditions”
The company has released a statement, blaming “challenging economic conditions” for the move.
“In light of the challenging economic conditions, we’re delaying the start dates for some of our college hires by up to six months.
Commitment to fresher hiring
We’re offering assistance to help address any financial impact.
Amazon remains committed to university recruiting and developing the next generation of leaders and builders,” the statement says.
Top universities not spared
The deferral of offer letters has had a wide-reaching impact on students from various IITs, prompting them to act swiftly to secure career prospects.
This issue is prevalent across multiple IIT campuses, and they have also come across fellow interns from different campuses who have faced similar deferrals.
Proactively looking for other opportunities
Acting proactively over the prolonged six-month waiting period, the affected IIT graduates have begun exploring job opportunities.
The intent is to protect their career prospects by avoiding any potential negative implications caused by Amazon’s delay.
Despite being aware of the challenges posed by the current job market, the graduate has been actively engaged in networking with alumni and exploring other avenues for employment.
Latest round of layoffs
In March, Amazon CEO Andy Jassy announced plans to lay off an additional 9,000 employees.
This makes it the latest round of layoffs representing the largest reduction in workforce undertaken by Amazon thus far.
The exercise before had the firm lay off approximately 18,000 employees.
Silicon valley biggies
It’s not just Amazon but several Silicon Valley companies, which have already undergone significant downsizing are considering further workforce reductions.
Noteworthy firms involved in this practice include Google, Meta, Amazon, Zoom, Salesforce, Microsoft, and Palantir.
