11mo ago

Amazon is more profitable than ever after a year of mass layoffs

finance.yahoo.com 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::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.

23 comments

eat the rich. regulate monopolies
- And stop buying their shit, Yes, all you Amazon account holders.

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.

All the news today about them reminded me to cancel my prime membership. Thanks, Barbara Streisand!

I always sign up for the free Prime trials just so I can get the satisfaction of cancelling.
- How often does that happen? What's the duration?
  
  I was mostly being facetious, I try not to use Amazon. My wife does off and on and has used a free trial 3-4 times a year.
  The trials are 30 days (in the US) and years ago, 4-5, I would just use a throwaway email and do a new trial every 30 days to keep Prime. Not sure if they guard against that at all now or not.