Amazon announces shut down of Online Learning Academytext_fields
Bengaluru: Less than two years after its launch, Amazon.com Inc. announced today that it would shut down its online learning programme for high-school students in India.
Early last year, during the COVID-19 pandemic, the Amazon Academy platform was introduced. It offered coaching for competitive exams, including the Joint Entrance Examination (JEE), which grants admission to the best engineering colleges in India.
The e-commerce behemoth announced in a statement that it has decided to end Amazon Academy "in a phased manner to take care of current customers" based on an assessment, Reuters reported.
The winding down occurs as numerous edtech companies struggle under the weight of Indian schools and coaching facilities reopening following lockdowns brought on by COVID-19.
Industry pioneer Byju's announced last month that it would let go of 2,500 people as it works to become profitable.
According to rumours in the local media, other players Unacademy, Toppr, WhiteHat Jr., and Vedantu had also made layoff announcements earlier this year.