Amazon profits jumped to $3.2B as it shed workers at the start of 2023

Published by
The Seattle Times

After rounds of layoffs, the pressure on Amazon may be easing up, the company said Thursday, citing positive impacts from lower energy and laborcosts as well as a more stable pattern of customer demand. Amazon saw a continuing slowdown in its cloud computing unit and still felt the impact of inflation on consumer spending, but it reported stronger-than-expected revenue and profits, bringing its stock up in after-hours trading. “There’s a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy,” CEO Andy Jassy said in a statement Thursday. Amazon r…

Read More

See also  5 reasons to switch from Microsoft Office to Google Workspace

Leave a Reply