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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.
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All the news today about them reminded me to cancel my prime membership. Thanks, Barbara Streisand!
Almost all of it is AWS. Which has a what, a 30% margin? Your money at work.
i mean yeah duh. that doesn’t mean it’s right or good to do mass layoffs
That’s generally how the economy works, unless you’re in a recession…
Haven’t ordered anything from their site for years and never felt better
And today I cancelled my prime membership and it feels great
If you stop putting fuel in your car, the first few miles are very cheap i must say…
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How often does that happen? What’s the duration?
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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.
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Money for me, but not for thee
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!
Cutting to profitability. A tired and true way to make the books look good.
(Not a typo)
Till shit starts falling apart and then gradually customers get aggravated and move away to something else.
eat the rich. regulate monopolies
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TLDR: Amazon is a cunt
But you know their product is going to go to shit in a few quarters, so be sure to sell high.
Does that mean that massive layoffs work?
Nobody works after massive layoffs :)
