Here’s why shopping on Amazon will get costlier soon
If you love shopping online then you will soon have to pay more for your favourite products. According to an online report shopping on Amazon is said to become expensive. The ecommerce major is planning to increase the commissions and fees on products across different categories.
According to a report by The Economic Times, Amazon is planning to revise its sales fees and commission charges on products of different categories which include electronics, beauty, apparel, eyewear, pharmaceuticals, home, and pets. The report adds that these new changes will come into effect from May 31.
The report further adds that the e-tailer is also planning to increase the fees for the return of the products. There is an anticipated increase in the seller’s fee for over-the-counter medicines, specifically for products valued at Rs 500 or less. The fee is expected to rise from 5.5% to 12%. For items with a cost exceeding Rs 500, the seller fee will be set at 15%.
“Seller fee revisions are based on a variety of factors, including market dynamics and various macroeconomic factors. For the time being, we have made changes to our fee rate card, which includes new fee categories and reduced fees in some categories,” Amazon spokesperson told ET.
Amazon India announced job cuts
Meanwhile, Amazon India recently slashed about 500 jobs. Amazon is reportedly reducing its workforce in India across various business segments, as stated in a report by The Economic Times.
According to the report, the Seattle-based technology company is in the process of downsizing and has already laid off at least 500 employees in India. The affected employees come from different departments such as Amazon Web Services (AWS), human resources, and support functions. The report also mentions that these job cuts are part of the additional layoffs announced by Amazon CEO Andy Jassy in March of this year. CEO Jassy had stated that around 9,000 employees worldwide would be affected by this round of layoffs.
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If you love shopping online then you will soon have to pay more for your favourite products. According to an online report shopping on Amazon is said to become expensive. The ecommerce major is planning to increase the commissions and fees on products across different categories.
According to a report by The Economic Times, Amazon is planning to revise its sales fees and commission charges on products of different categories which include electronics, beauty, apparel, eyewear, pharmaceuticals, home, and pets. The report adds that these new changes will come into effect from May 31.
The report further adds that the e-tailer is also planning to increase the fees for the return of the products. There is an anticipated increase in the seller’s fee for over-the-counter medicines, specifically for products valued at Rs 500 or less. The fee is expected to rise from 5.5% to 12%. For items with a cost exceeding Rs 500, the seller fee will be set at 15%.
“Seller fee revisions are based on a variety of factors, including market dynamics and various macroeconomic factors. For the time being, we have made changes to our fee rate card, which includes new fee categories and reduced fees in some categories,” Amazon spokesperson told ET.
Amazon India announced job cuts
Meanwhile, Amazon India recently slashed about 500 jobs. Amazon is reportedly reducing its workforce in India across various business segments, as stated in a report by The Economic Times.
According to the report, the Seattle-based technology company is in the process of downsizing and has already laid off at least 500 employees in India. The affected employees come from different departments such as Amazon Web Services (AWS), human resources, and support functions. The report also mentions that these job cuts are part of the additional layoffs announced by Amazon CEO Andy Jassy in March of this year. CEO Jassy had stated that around 9,000 employees worldwide would be affected by this round of layoffs.
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