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A comment on Shopify to lay off 10% of workers in broad shake-up. Parent comment

Re:Shopify to lay off 10% of workers in broad shake-up by rsanek on Tuesday July 26, 2022 @02:36PM (#32242101)
> you'll have a much better chance of survival if your company makes a profit (which is frighteningly rare these days)

What do you mean by rare? The biggest employers in the world [0] have massive, healthy profits. I tried to find the biggest company that was money-losing but gave up after looking at the top 25. Even in you look specifically at tech [1] this is true.

[0] https://companiesmarketcap.com/largest-companies-by-number-o...

[1] https://companiesmarketcap.com/tech/largest-tech-companies-b...

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Re:Shopify to lay off 10% of workers in broad shake-up by PheonixPharts on Tuesday July 26, 2022 @06:42PM (#32245011)
You didn't make it to Amazon, number 2 on your list, or have you not read their Q1 2022 earnings yet?[0]

> Net loss was $3.8 billion in the first quarter

0.https://ir.aboutamazon.com/news-release/news-release-details...

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Re:Shopify to lay off 10% of workers in broad shake-up by HeyItsMatt on Tuesday July 26, 2022 @07:12PM (#32245244)
Amazon wrote off it's Rivian investment. Cashflow positive.
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Re:Shopify to lay off 10% of workers in broad shake-up by jokethrowaway on Thursday July 28, 2022 @07:10AM (#32262822)
That's an accounting trick
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