Amazon is more profitable than ever after a year of mass layoffs
Amazon is more profitable than ever after a year of mass layoffs::The tech giant posted the largest quarterly operating income in its history on the back of cost-cutting and faster revenue growth in key divisions.
https://finance.yahoo.com/news/amazon-more-profitable-ever-mass-012346025.htmlOpen linkView original on lemmy.world206
Comments17
If this isn't a sign for Amazon workers that their contribution is undervalued even at their current compensation, I don't know what is. For fucks sake, unionize and become millionaires!
eat the rich. regulate monopolies
Cutting to profitability. A tired and true way to make the books look good.
(Not a typo)
All the news today about them reminded me to cancel my prime membership. Thanks, Barbara Streisand!
How often does that happen? What's the duration?
They offer me "free trials" every few months when i try to purchase something. which i accept and then promptly cancel so I don't forget about it. It's helpful for me since there are some things i need to purchase regularly on there. No throwaway required.
But you know their product is going to go to shit in a few quarters, so be sure to sell high.
And today I cancelled my prime membership and it feels great
TLDR: Amazon is a cunt
Almost all of it is AWS. Which has a what, a 30% margin? Your money at work.
If you stop putting fuel in your car, the first few miles are very cheap i must say....
That's generally how the economy works, unless you're in a recession...
i mean yeah duh. that doesn't mean it's right or good to do mass layoffs
Does that mean that massive layoffs work?
Nobody works after massive layoffs :)
Haven't ordered anything from their site for years and never felt better
Looking forward to this year's layoffs/profits -amazon investors