
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
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.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 28, 2025: SpaceX’s latest Starship test flight, conducted on May 27, 2025, ended in failure when the spacecraft’s upper stage broke apart during its descent over the Indian Ocean.
May 27, 2025: Greek Coastguards Charged Over 2023 Pylos Migrant Shipwreck That Killed Hundreds
May 27, 2025: Volvo to Cut 3,000 Jobs in Europe as Part of $1.9B Restructuring Amid EV Slowdown and Tariff Pressures.
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you