• CNBC reports that "Amazon has let go of some of the employees in its Pharmacy business … A 'small number' of staffers in the Amazon Pharmacy division were informed Thursday they were being laid off, Amazon spokesperson Brad Glasser said in a statement."
According to the story, "The cuts come as Amazon recently wrapped up the largest layoffs in its 29-year history. The company laid off 18,000 employees over several months last fall and earlier this year, then announced an additional 9,000 employees would be let go in March. Amazon CEO Andy Jassy has been aggressively slashing costs across the company as the e-retailer reckons 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 health-care businesses 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."
• Fast Company offers an update on what's been happening at Netflix since it started cracking down on password sharing - "Netflix’s new subscriber count grew 236% between May 21 and June 18 of this year. Further, the streamer’s new subscriber count was up 204% for the week ending June 25 versus the week ending May 21, which is days before Netflix’s crackdown went into effect in the United States."
On Tuesday, Netflix is expected to announce its Q2 numbers, as well as the impact of its new password sharing policy, on subscriptions.
