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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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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[-] AshMan85@lemmy.world 42 points 9 months ago

eat the rich. regulate monopolies

[-] VampyreOfNazareth@lemm.ee 3 points 9 months ago

And stop buying their shit, Yes, all you Amazon account holders.

[-] avidamoeba@lemmy.ca 42 points 9 months ago* (last edited 9 months ago)

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!

[-] RememberTheApollo@lemmy.world 25 points 9 months ago

Cutting to profitability. A tired and true way to make the books look good.

(Not a typo)

[-] phoneymouse@lemmy.world 2 points 9 months ago

Till shit starts falling apart and then gradually customers get aggravated and move away to something else.

[-] demesisx@infosec.pub 23 points 9 months ago

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

[-] LilB0kChoy@midwest.social 20 points 9 months ago

I always sign up for the free Prime trials just so I can get the satisfaction of cancelling.

[-] meco03211@lemmy.world 4 points 9 months ago

How often does that happen? What's the duration?

[-] LilB0kChoy@midwest.social 1 points 9 months ago

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.

[-] acetanilide@lemmy.world 2 points 9 months ago

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 -2 points 9 months ago

Good to know, glad you take advantage! Amazon is one of several companies I avoid on ethical grounds but I fault nobody else for shopping there.

[-] Kalkaline@leminal.space 16 points 9 months ago

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 points 9 months ago

And today I cancelled my prime membership and it feels great

[-] DogPeePoo@lemm.ee 9 points 9 months ago

TLDR: Amazon is a cunt

[-] eleitl@lemmy.ml 8 points 9 months ago

Almost all of it is AWS. Which has a what, a 30% margin? Your money at work.

[-] diffusive@lemmy.world 8 points 9 months ago

If you stop putting fuel in your car, the first few miles are very cheap i must say....

[-] UndercoverUlrikHD@programming.dev 6 points 9 months ago

That's generally how the economy works, unless you're in a recession...

[-] _number8_@lemmy.world 5 points 9 months ago

i mean yeah duh. that doesn't mean it's right or good to do mass layoffs

[-] taanegl@lemmy.world 5 points 9 months ago

Money for me, but not for thee

[-] GiddyGap@lemm.ee 3 points 9 months ago

Does that mean that massive layoffs work?

[-] pivot_root@lemmy.world 8 points 9 months ago

Nobody works after massive layoffs :)

[-] Jumi@lemmy.world 3 points 9 months ago

Haven't ordered anything from their site for years and never felt better

[-] Tronn4@lemmy.world 1 points 9 months ago

Looking forward to this year's layoffs/profits -amazon investors

this post was submitted on 02 Feb 2024
206 points (96.4% liked)

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