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Amazon Update: Veteran tech and e-commerce company Amazon has decided to give offer letters to freshers hired during campus hiring in institutes like IITs (Indian Institutes of Technology) and NITs (National Institutes of Technology) after massive layoffs. The plan has been put on hold for the next several months.
According to a report in Business Today, a graduate student from IIT Bombay told that he was hired by Amazon as a software engineer. But this offer has been postponed till January 2024. The student said that he was recruited in Amazon at the SDE-1 level with an offer of 30 lakh per annum salary. I was supposed to join in June itself. But email came from HR that the offer has been postponed for the time being. My joining is now in January 2024.
He told that the students who had done internship with the company had the same experience.
The placement cell of NIT has also confirmed that the offer letters given to some students have been postponed for some time and some have been cancelled.
The Financial Times also reported in December 2022 that the offer letter given to students in the US has been postponed for a year. The company blamed the macroeconomic situation for this. The company told the students that it was not a personal but a business decision.
Amazon has laid off 27,000 employees in the last few months. Amazon CEO Andy Jassy said that the decision to lay off 27,000 employees has been very difficult, but it was necessary. He said that the company will benefit from this decision in the coming times. He said these things in a letter to his shareholders.
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