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.
Amazon is more profitable than ever after a year of mass layoffs
https://finance.yahoo.com/news/amazon-more-profitable-ever-mass-012346025.html
17 Comments
avidamoeba@lemmy.ca · 42 pts · 2y
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!
AshMan85@lemmy.world · 42 pts · 2y
eat the rich. regulate monopolies
VampyreOfNazareth@lemm.ee · 3 pts · 2y
RememberTheApollo@lemmy.world · 25 pts · 2y
Cutting to profitability. A tired and true way to make the books look good.
(Not a typo)
phoneymouse@lemmy.world · 2 pts · 2y
demesisx@infosec.pub · 23 pts · 2y
All the news today about them reminded me to cancel my prime membership. Thanks, Barbara Streisand!
LilB0kChoy@midwest.social · 19 pts · 2y
meco03211@lemmy.world · 4 pts · 2y
How often does that happen? What's the duration?
LilB0kChoy@midwest.social · 0 pts · 2y
acetanilide@lemmy.world · 2 pts · 2y
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.
LilB0kChoy@midwest.social · -4 pts · 2y
Kalkaline@leminal.space · 16 pts · 2y
But you know their product is going to go to shit in a few quarters, so be sure to sell high.
cuntonabike@lemmy.world · 11 pts · 2y
And today I cancelled my prime membership and it feels great
DogPeePoo@lemm.ee · 9 pts · 2y
TLDR: Amazon is a cunt
diffusive@lemmy.world · 8 pts · 2y
If you stop putting fuel in your car, the first few miles are very cheap i must say....
eleitl@lemmy.ml · 8 pts · 2y
Almost all of it is AWS. Which has a what, a 30% margin? Your money at work.
UndercoverUlrikHD@programming.dev · 6 pts · 2y
That's generally how the economy works, unless you're in a recession...
_number8_@lemmy.world · 5 pts · 2y
i mean yeah duh. that doesn't mean it's right or good to do mass layoffs
taanegl@lemmy.world · 5 pts · 2y
Jumi@lemmy.world · 3 pts · 2y
Haven't ordered anything from their site for years and never felt better
GiddyGap@lemm.ee · 3 pts · 2y
Does that mean that massive layoffs work?
pivot_root@lemmy.world · 8 pts · 2y
Nobody works after massive layoffs :)
Tronn4@lemmy.world · 1 pts · 2y
Looking forward to this year's layoffs/profits -amazon investors