Disruptors

Mass layoffs are hitting Silicon Valley, and tech companies must ensure they are doing it right and with compassion in order to keep from hurting their financial performances and future success, Vox reported Nov. 8. 

Recent layoffs at Lyft, Intel, Twitter, and a corporate hiring freeze at Amazon indicate a worsening economic outlook for big tech, the Wall Street Journal reported Nov. 4.

VillageMD, the primary care disruptor controlled by Walgreens Boots Alliance, is set to acquire physician practice group Summit Health in a $8.9 billion transaction, which in turn will give Walgreens one of the biggest stakes in the combined company. 

Retail giants like CVS, Amazon and Walgreens are knocking down the door of the healthcare and primary care space with multibillion-dollar acquisitions adding healthcare organizations to their offerings.

Despite recent big tech economic and hiring pressures, Amazon Web Services, Google and Microsoft still control 76 percent of the cloud market, according to a Nov. 1 report from Synergy Research Group encompassing the third quarter of 2022.

Facebook parent company Meta is set to lay off thousands of workers this week in what would be the first large workforce reduction in the technology company's 18-year history, The Wall Street Journal reported Nov. 6.

Primary care disruptor VillageMD, which is majority owned by Walgreens Boots Alliance, has agreed to acquire physician practice group Summit Health in a transaction worth roughly $8.9 billion. 

Retail giant Amazon is freezing corporate hiring for a "few months" due to the economic environment. 

Elon Musk plans to lay off 3,700 Twitter employees, roughly half the workforce, following his $44 billion takeover of the social media giant, Bloomberg reported Nov. 2.

VillageMD, a primary care company majority-owned by Walgreens Boots Alliance, is looking at a possible merger with physician practice group and urgent care provider Summit Health.