capitalism93 t1_ixodw5a wrote on November 25, 2022 at 12:38 AM

Reply to comment by RaycharlesN in Amazon workers in the U.S. and 30 other countries plan Black Friday protests by AmethystOrator

Actually, Amazon had a loss of $5.8 billion dollars in the previous 2 quarters of March (-3.84 billion) and June (-2.03 billion)... https://www.seattletimes.com/business/amazon-reports-net-loss-of-3-8-billion-in-first-quarter-2022/.

circ_le_jerk_69 t1_ixp2mho wrote on November 25, 2022 at 4:24 AM

Also, the layoffs are happening in two of their businesses (consumer and Alexa) which have never been profitable. They have always been money losing businesses that have simply been subsidized by AWS.