Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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.
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
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
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