I realize it’s easy to pattern-match this news to 'hiring in India vs. firing in US' given the current climate, but having worked at Amazon India for 4 years, I can tell you the cuts happen there too.
Amazon has a history of annual restructuring that hits every region. It isn't necessarily a direct relocation strategy so much as their standard operational churn. The 'efficiency' cuts are happening globally, India included.
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Look outside yourself.
It is very easy to find examples of many people who suffered as a result of the 2008 crash.