Amazon Pares Back On Ambitious India Edtech Dreams

Amazon.Com, Inc AMZN will shut down Amazon Academy, an online learning platform it launched in India for high-school students last year, TechCrunch reports.
Amazon will wind down the edtech service in the country in a phased manner starting August 2023.
Those who signed up for the current academic batch will receive a full refund.
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Amazon officially launched Academy, previously called JEE Ready, in 2021 after testing the platform since mid-2019. Academy sought to help students prepare for entry into the nation's prestigious engineering colleges.
Byju's, Unacademy, and Vedantu dominate India's education market.
Meta Platforms Inc META Facebook also invested in Unacademy, a Bangalore-based startup that offers online learning classes.
Alphabet Inc GOOG GOOGL Google, which invested in Indian edtech startup Cuemath, also partnered with CBSE to train more than 1 million teachers in India and offer a range of free tools like G-Suite for Education, Google Classroom and YouTube to help digitize the education experience in the nation.
Amazon looks to cut about 10,000 jobs and began eliminating roles in some divisions, including devices and services.
Amazon also shut down teams that make AWS tutorials and other online courses.
Price Action: AMZN shares closed higher by 1.00% at $94.13 on Wednesday.
Photo by christian wiediger via unsplash