Amazon India to Shift Company HQ From Bengaluru’s World Commerce Centre To THIS Place, Staff Not Pleased: Report

Bengaluru: Amazon India is about to relocate its company headquarters from its longtime base within the World Commerce Centre (WTC) in northwest Bengaluru to a brand new location close to town’s airport, aiming to scale back operational prices, a media report said. The corporate at the moment occupies 500,000 sq. ft of workplace area throughout 18 flooring within the WTC, owned by Brigade Enterprises Ltd.

This built-in hub contains residential flats, a shopping center, a five-star resort, and a hospital. Notably, 300 of Amazon’s 5,000 staff on the WTC reside within the residential flats close by, a report within the Stay Mint said.

The e-commerce large’s new headquarters, positioned 20 km from town middle and a 15-minute drive from Bengaluru airport, is projected to price Amazon a 3rd of the Rs 250 per sq. foot hire it at the moment pays. The relocation is scheduled to start in April 2025 and is predicted to be accomplished by 2026. Nonetheless, the prolonged commute which is estimated at 80 minutes throughout peak site visitors has sparked issues amongst workers.

A spokesperson for Amazon India talked about that the corporate’s new facility goes to have a state-of-the-art campus designed to spice up collaboration and worker expertise.

Amazon India is present process vital management modifications, with veteran Samir Kumar assuming the function of nation supervisor in September, succeeding Manish Tiwary. Along with overseeing India operations, Kumar is now chargeable for Amazon’s client companies within the Center East, South Africa, and Turkey, the report additional mentioned.

Amazon’s Funds Rise, However Price-Slicing Continues

Financially, Amazon Vendor Companies reported a 14% rise in working income in FY24, reaching Rs 25,406 crore, whereas web losses narrowed by 28% to Rs 3,469 crore. Though income development outpaced the three% improve seen in FY23, it nonetheless lagged behind the pandemic-era surge.

In the meantime, Amazon’s logistics and funds divisions noticed average income development of 7-9% and barely lowered losses, whereas its wholesale enterprise skilled a slight decline.

Amid its cost-cutting measures, the report talked about, the corporate has additionally undertaken world layoffs, with vital implications for India. In 2023, Amazon India laid off 500-1,000 staff in India as a part of its world discount of over 18,000 roles. Layoffs continued into 2024, affecting divisions like Audible, Prime Video, and Twitch.