Amazon To Shut Down Its ->

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Amazon Academy to Shut Down Less Than Two Years After Launch

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AMAZON ACADEMY TO SHUT DOWN Amazon Academy was launched in January last year and offered coaching for competitive exams including the Joint Entrance Examination (JEE).

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REASON But it is about to shut down as Ed-Tech firm faces post lockdown challenges.

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NEWS Amazon Academy also allowed users to track their progress over time and identify strong as well as weak areas, to help engineering students improve their results.

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NEWS "Based on an assessment, Amazon said in a statement to discontinue Amazon Academy "in a phased manner to take care of current customers".

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NEWS The winding down comes when multiple ed-tech firms are reeling under school pressure and coaching centres reopening across India after COVID-19.

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BIG LAYOFS Last month, industry leader Byju's had said it would lay off 2,500 employees as it pushes to turn profitable.

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