> In 2021, as people began returning to their pre-pandemic shopping habits, Amazon’s revenue growth decelerated to 22 percent with nearly $470 billion in revenue. And in the first nine months of 2022 (Amazon reports results for the final quarter of 2022 the first week in February), year-over-year revenue growth decelerated all the way to 10 percent. To make matters worse, Amazon’s core retail business lost more than $8 billion during that time frame, compared to an $8 billion profit during the same period the previous year. Jassy decided Amazon’s layoffs and cuts had to follow.

https://www.vox.com/platform/amp/recode/2023/1/19/23562702/a...