business news in context, analysis with attitude

With brief, occasional, italicized and sometimes gratuitous commentary…

•  From CNBC:

"Amazon has eliminated hundreds of jobs in its Pharmacy and One Medical divisions, the company confirmed to CNBC.

"'As we continue to make it easier for people to get and stay healthy, we have identified areas where we can reposition resources so we can invest in invention and experiences that have a direct impact on our customers and members of all ages,' Neil Lindsay, who leads Amazon Health Services, wrote in a memo to employees on Tuesday. 'Unfortunately, these changes will result in the elimination of a few hundred roles across One Medical and Amazon Pharmacy.'"

According to the story, "Amazon continues to trim its headcount after more than a year of layoffs. The company cut more than 27,000 jobs between late 2022 and mid-2023, as the tech industry downsized alongside soaring inflation and rising interest rates. At the start of this year, Amazon announced cuts in its Prime Video, MGM Studios, Buy with Prime, Twitch and Audible units.

"CEO Andy Jassy has been aggressively slashing costs, targeting some of the company’s newer and more unproven bets. A small number of employees were let go in Amazon’s Pharmacy unit last July."

Painting the picture of a company increasingly impatient with sustained economic pain.  Which isn't bad.  Just a little different.  Make no mistake.  It is Day Two, baby.


•  From The Information:

"Amazon is working on several new safety features for Amazon Flex gig drivers who make deliveries in their own vehicles, the company said. The measures follow several incidents in which residents had shot Flex drivers or threatened them with guns, in many instances saying they had mistaken them for intruders.

"Amazon is working on a feature in its app that would display Flex drivers’ pictures and names to customers, spokesperson Maya Vautier said. Other gig companies like Uber already offer similar features. Currently, the Amazon app does not give customers information about who’s delivering their packages. Amazon is also giving a test group of drivers Amazon Flex-branded magnets and lights to put in their cars beginning this month, according to Vautier and emails to drivers seen by The Information."