Amazon is cutting hundreds of jobs at its two health-focused companies, One Medical and Amazon Pharmacy, suggesting that even Amazon's top brass are considering entering. Medical billing either telemedicine It may not be the best idea for future strategy.
By Business Insider (paywall, via CNBC), One Medical was acquired by Amazon in July 2022 for around $3.9 billion, after purchasing prescription consolidation and delivery service PillPack in 2018, as part of a “multi-year effort to grow its presence in medical care.”
And now, perhaps regretting the purchase (as we all do, though I hope not on this scale), Amazon CEO Andy Jassy is bundling it with a multi-year round of job cuts, after that more than 27,000 jobs were eliminated worldwide. sickly giant between 2022 and 2023, including an undisclosed 'small number' of Amazon Pharmacy workers.
More job cuts at Amazon
Amazon Health Services chief Neil Lindsay broke the news in a memo to employees heavy on words but light on tangible substance.
“As we continue to make it easier for people to get and stay healthy, we have identified areas where we can reposition resources so we can invest in inventions and experiences that have a direct impact on our customers and members of all ages,” he said. . “Unfortunately, these changes will result in the elimination of a few hundred positions at One Medical and Amazon Pharmacy.”
Will 'investing in inventions' and 'repositioning resources' (an absolutely top-notch twist, Amazon's PR droid) inevitably amount to the closure of the entire division on a 'jack of all trades, master of none' basis? ? Time will tell.
CNBC reported that Lindsay suggested in another statement that Amazon would continue to invest in healthcare.
Analysis: A leaking ship in the Amazon?
Even the fragments of this story that we know were put into motion thanks to a leak. In his company memo, Lindsay wrote that “we typically wait to communicate these results until we can talk to the people who are directly affected. However, because one of our teammates leaked this information externally, he wanted you to hear the details directly from me.”
Jassy, in the words of CNBC, has been “targeting some of the company's newer, untested bets.” While keep betting and lash out at loved ones appropriately for addicts.
So perhaps we should expect more leaks and layoffs to continue until profits improve, but never, of course, for the ship to finally sink. Because He (capitalism) said to Noah: 'build an online store to sell books', Noah said 'yes friend', and the rest is history, with He (capitalism) giving His (capitalism's) blessing for all the other resulting atrocities.
