Amazon to Lay Off over 17,000 Workers, More Than First Planned

Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by wdr1 on Thursday January 05, 2023 @12:00AM (#34256177)

> We are seeing a bit of a market downturn - but it hasn’t hit Amazon pocketbook now, has it?

Um, yes?

Honestly, I'm not sure how one could sincerely make this statement.

Amazon's net income for Q3 '22 is roughly a third of its net income Q4 '21. If losing 2/3rds of your revenue isn't considered hitting the pocketbook, I don't want is.

Now you could yada yada yada they're still profitable, but that's a different argument.

Amazon was seeing 20-30% growth of its revenue. Their expenses were also growing at a similar base. Now that top line revenue isn't there, they need to address how to address bottom line growth.

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Re:Amazon to Lay Off over 17,000 Workers, More Than First Pl... by skybrian on Thursday January 05, 2023 @12:09AM (#34256238)

Net income is not revenue, so you got your signals crossed somewhere.

From: https://www.statista.com/statistics/273963/quarterly-revenue...

   Revenue Q3 2022: $127 billion
   Revenue Q4 2021: $137 billion

Note the stair-step graph. Q4 is Christmas so it's a lot higher. That's why we normally compare numbers with a year earlier.

   Revenue Q3 2021: $111 billion

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