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Topline
Amazon Health Services is chopping “a few hundred” workers from its One Medical chain and Amazon Pharmacy, the corporate introduced Tuesday, marking the most recent spherical of job cuts after a brutal 2023 for one of many nation’s largest personal employers.
Key Facts
Lindsay instructed workers the retailer “identified areas where we can reposition resources” to make investments in “invention and experiences” that immediately impression prospects and members.
According to Lindsay, the retailer’s well being care companies have seen “tremendous growth,” with Amazon Clinic seeing a “96% customer satisfaction rating”—including that the corporate will “proceed our mission to make well being care easier” in an announcement to Forbes.
Those impacted by the layoffs will obtain “financial support, benefit continuation, and career assistance” all through the transition, and “an opportunity to apply for new roles in the organization,” Lindsay stated.
Big Number
Over 27,000. That’s what number of workers Amazon and its subsidiaries have laid off since the start of 2023. Amazon employed 1.5 million full- and part-time workers as of the third quarter in 2023, in response to Statista.
Tangent
On Tuesday, Docusign additionally announced it was shedding about 6% of its workforce, or around 440 employees, as a part of a restructuring plan. Amazon is certainly one of many firms which have introduced rolling layoffs to chop prices over the previous couple of years, reversing pandemic-era hiring, which resulted in a near 200% increase in layoffs in 2023.
Key Background
Amazon alone laid off more than 27,000 workers final yr, after saying it could reduce 18,000 employees in late 2022 and another 9,000 in early 2023. This yr has seen a number of rounds of smaller layoffs to this point, because the retailer has already introduced a whole lot of cuts to its Twitch, Prime Video and MGM Studios divisions. Audible, an Amazon subsidiary, additionally reduce more than 100 employees in early January. The layoffs come as the corporate makes an attempt to cut costs and recuperate from overexpansion incurred in the course of the pandemic, the New York Times reported. The tech big skilled its best profits since 2021 in its 2023 third quarter earnings report, which noticed $143.1 billion in income—beating estimates of $141.5 billion.
Further Reading
The U.S. economy is booming. So why are tech companies laying off workers? (The Washington Post)
DocuSign to lay off 6% of workforce, or about 440 jobs (CNBC)
Amazon Is Laying Off Hundreds Of Twitch, Prime Video And MGM Studios Employees (Forbes)
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