3 ms·
They're profitable, so it's not that they're trying to stretch out some fixed pool of money. One big thing that reducing costs can do is help them stay profitab
by SpicyLemonZest 4y ago
They're profitable, so it's not that they're trying to stretch out some fixed pool of money. One big thing that reducing costs can do is help them stay profitable as the economy gets worse, although that's not the only reason they might want to do something like this.
- elkos 4y agoAre they profitable in the context of uniform standard accounting practice?
- SpicyLemonZest 4y agoYes, pretty strongly so. Their GAAP profit was $5.5 billion in FY 2021.