Amazon Cuts Hundreds of Jobs in Healthcare: Is the Company Exiting the Industry?
Amazon has recently made headlines for cutting hundreds of jobs across its healthcare subsidiaries One Medical and Amazon Pharmacy. However, industry experts warn against drawing the conclusion that Amazon is exiting the healthcare sector, as this would be an “overly simplistic” interpretation. According to Christina Farr, an investor at OMERS Ventures, the job cuts could be a result of streamlining operations and eliminating overlaps following a series of acquisitions. She also speculates that Amazon is investing in software that would automate certain functions, resulting in downsizing. Despite the job cuts, Farr remains intrigued by Amazon’s potential in the healthcare sector.
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