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Amazon India is moving its headquarters from the World Trade Centre in the northwest part of Bengaluru to a location close to the city’s airport in a bid to cut costs, according to a report by Mint. The ecommerce and cloud computing giant currently occupies half a million square feet of office space across 18 floors in a 30-floor building by Brigade Enterprises . Amazon’s new office is a 15-minute drive from the Bengaluru airport.
It is likely to cost the company a third of the Rs 250 per square feet rent it paid in the WTC office. The relocation will begin in April and be completed by 2026, the report said. “We are excited for our move to a new campus, a state-of-the-art facility designed to foster enhanced collaboration and deliver unparalleled employee experience,” a spokesperson told the publication.
Amazon’s current office is part of Brigade Gateway, the city’s first integrated complex, which has 1,200 residential flats, a shopping complex, a five-star hotel and a hospital. The 5,000 WTC employees are encouraged to live nearby, according to the report. A fourth of the residential flats are occupied by Amazon’s 300 employees.
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Company veteran Samir Kumar took over as country manager for India in September, replacing Manish Tiwary who stepped down in August. Along with the Indian market, Kumar will be in charge of Amazon’s consumer businesses in the Middle East, South Africa and Turkey. On November 11, Amazon Seller Services, the Indian marketplace entity of the ecommerce giant, reported a 14% rise in operating revenue in FY24 at Rs 25,406 crore and narrowed its net loss by 28% during the year to Rs 3,469 crore.
While revenue growth outpaced the 3% increase in FY23, it lagged growth rates seen during the pandemic period. Meanwhile, Amazon India’s logistics and payments arms reported 7-9% growth in operating revenue and moderately lower losses for the fiscal year ended March 2024, while its wholesale business, which sells goods and services in bulk to sellers and distributors, declined marginally. In 2023, the etailer laid off 500-1,000 employees in India , which was part of global job cuts announced by the company.
In January 2023, Amazon had said it would lay off over 18,000 employees. The company laid off hundreds of employees from multiple divisions in 2024, including Audible , Prime Video and Twitch ..
