Ericsson to lay off 8,500 employees

Re:Ericsson to lay off 8,500 employees by lancesells on Friday February 24, 2023 @01:58PM (#34928422)

Google had $60B in net income last year. Meta had $23B in net income last year. Amazon had -$2.7B in net income last year. The year before they had $33.3B. Tesla had $12.5B in net income last year. Ericsson had $1.8B in net income last year. Apple (who didn't do layoffs) had $95.2B in net income last year.

Sure, they can't achieve those record profits for four years in a row, but none are losing money soon.

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Re:Ericsson to lay off 8,500 employees by patrick451 on Friday February 24, 2023 @02:36PM (#34928938)

I don't understand what net income has to do with anything. Profit, not income, is the only thing that matters.

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Re:Ericsson to lay off 8,500 employees by cm2012 on Friday February 24, 2023 @02:48PM (#34929129)

net income is another word for profit (confusing I know)

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