The process of layoffs continues in the tech industry. Now American e-commerce company Amazon has planned to fire about 400 employees from its healthcare segment.
Amazon Healthcare Services official Neil Lindsay has informed his employees about this plan through a letter. In a letter written to the employees, he told that Amazon has opened a new tab, due to which a few hundred jobs will be cut in its healthcare unit. However, he did not give information about how many employees would be laid off.
how many employees laid off
According to Business Insider, about 115 positions could be eliminated at Amazon’s One Medical and Amazon Pharmacy. Apart from this, there is a possibility of further layoffs in this sector. It is estimated that a total of 400 employees may lose their jobs.
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According to the report, Amazon’s leadership wants One Medical to significantly reduce its operating losses and has asked the healthcare company to save an additional $100 million this year. One Medical aims to reduce its fixed operating costs from 41% of total revenue to 20% by 2028, according to the report. Let us tell you that Amazon had acquired One Medical in July 2022 for $3.9 billion.
Sorting into multiple segments
Amazon has started 2024 with job cuts in several units. This includes Buy with Prime, audio book and podcast division Audible, and streaming unit Twitch.
Crisis in tech industry
Nearly 32,000 tech workers have lost their jobs in the tech industry so far this year. The companies making layoffs include e-commerce platform Amazon and big giants like Salesforce Inc and Meta Inc. According to Layoffs. fyi, so far this year, more than 122 tech companies and startups have fired about 32 thousand employees.
Tech companies, including startups, across the world laid off more than 4,25,000 employees in 2022 and 2023, while more than 36,000 employees were laid off in India in the same time frame.
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