Overview

• Amazon Health Services announces layoffs across One Medical and Amazon Pharmacy units as part of a broader cost-cutting initiative.
• The layoffs are expected to impact a few hundred roles, with estimates ranging from 115 to 400 positions.
• Amazon's healthcare boss, Neil Lindsay, emphasizes that the layoffs are part of a normal business cycle and not indicative of the healthcare units' underperformance.
• The job cuts aim to save One Medical $100 million in operating expenses this year, following a reported operating loss of $420 million in 2022.
• Amazon continues to focus on growth and customer satisfaction in its healthcare offerings, with plans to hire more providers in 2024.