Amazon, known for its large investments in various fields, revealed that it will be conducting mass layoffs at two companies in the healthcare sector. It was already known that PillPack, acquired in 2018, and One Medical, which joined Amazon in 2022, have been downsizing since last year.
A bitter pill from Amazon management
Neil Lindsay, Head of Amazon’s Health Department, stated in a memo to employees that they need to reallocate some financial resources to other areas to continue operating efficiently and to provide a better world for customers and investors. Lindsay also mentioned that this means some employees will lose their jobs but emphasized that Amazon will continue its investments in healthcare.
It’s been discussed that Neil hadn’t planned to make such a statement but was forced to do so due to leaks. However, Amazon is not the only Silicon Valley company resorting to mass layoffs. Following intense hiring during the pandemic, many tech giants like Meta, Twitter, and Microsoft have parted ways with numerous employees as the tide turned against them.
It’s believed by experts that this situation is temporary, as Amazon continues to announce significant profits every year, indicating no serious economic hardship. The announcement by Amazon’s founder, Jeff Bezos, to sell off some of his shares by 2025 was not well received by investors.
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