Among the sellers interrogated by ED, one seller's testimony reportedly indicated glaring disparities between his annual turnover of several thousand crores and his minimal annual profit of Rs 20 lakh, implying that Amazon and Flipkart may similarly influence profit margins.
"Between the reductions, we made in November and the ones we're sharing today, we plan to eliminate just over 18,000 roles. Several teams are impacted; however, the majority of role eliminations are in our Amazon Stores and PXT organizations," CEO Andy Jassy said in a statement.