Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
July 18, 2023: On Thursday, Amazon has let go of some of the workers in its industry of Pharma.
A “small number” of staffers in the Amazon Pharmacy division were informed they were being applied off, Amazon spokesperson Brad Glasser stated in a statement. Approximately 80 employees were laid off, according to Semafor, which previously reported the news.
“Like many businesses, we are always improving our processes for both quality and efficiency and determining how to deliver the best customer experience,” Glasser expressed. “As a result, we have decided to adjust resources, and a small number of roles have been eliminated on the Amazon Pharmacy Services team.”
The stakes come as Amazon wrapped up the most extensive releases in its 29-year history. The company released 18,000 employees over several months previous decline and earlier this year, then announced an additional 9,000 employees would be freed in March. Amazon CEO Andy Jassy has been aggressively slashing costs across the company as the e-retailer efforts with an economic downturn and slowing revenue growth. Jassy has targeted some of Amazon’s more unproven bets, such as grocery and devices while freezing corporate hiring and slowing warehouse expansion.
Amazon’s healthcare companies were affected by the layoffs earlier this year. Some employees in the company’s pharmacy, digital health tools, and Halo fitness band units were laid off.
Amazon has spent years attempting to break the healthcare market. The company launched its online pharmacy in 2020, a service born out of its acquisition of PillPack in 2018. Amazon presented, then shuttered, a telehealth service named Amazon Care and announced in July it would acquire boutique direct care provider One Medical for $3.9 billion.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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