Amazon.com Inc (AMZN.O) announced on Thursday that it will close its online learning platform for high-school students in India after less than two years of operation, without providing a reason.
The Amazon Academy portal, which began early last year during the COVID-19 epidemic, provided preparation for competitive tests such as the Joint Entrance Examination (JEE), which provides admittance into top engineering universities throughout India.
According to a statement, the eCommerce giant decided to stop Amazon Academy “in a gradual way to take care of current consumers” based on an assessment.
The shutdown comes as various edtech businesses are under pressure as schools and coaching centers reopen throughout India following COVID-19-induced lockdowns.
Last month, industry leader Byju’s announced 2,500 job cuts as it strives to become profitable.
According to local media sources, other players Unacademy, Toppr, WhiteHat Jr, and Vedantu all announced layoffs earlier this year.
Source: Reuters
