'Amazon Lays Off Some Employees In Its Pharmacy Unit' - CNBC
Portfolio Pulse from Happy Mohamed
Amazon has confirmed the layoff of a small number of employees in its Pharmacy division. This comes after the company's largest layoffs in its history, with 18,000 employees let go last fall and earlier this year, and an additional 9,000 in March. The layoffs are part of CEO Andy Jassy's cost-cutting measures across the company in response to an economic downturn and slowing revenue growth.
July 14, 2023 | 4:19 pm
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Amazon's recent layoffs in its Pharmacy division may indicate cost-cutting measures or restructuring within the company. This could potentially impact investor confidence and the company's stock price.
The layoffs, following the largest in the company's history, suggest that Amazon is undergoing significant cost-cutting measures. This could be due to a variety of factors, including an economic downturn or slowing revenue growth. Such changes can often lead to uncertainty among investors, which can negatively impact the company's stock price in the short term.
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