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“Many tech companies are suffering — and laying off — due to the economy” That’s one way to characterize companies making billions of dollars in profits.
by throwaway5959 4y ago
“Many tech companies are suffering — and laying off — due to the economy”
That’s one way to characterize companies making billions of dollars in profits.
- deleted 4y ago[deleted]
- zeroonetwothree 4y agoAmazon actually "only" earned $2.5 billion profit in Q3 2022, which is pretty low considering their size. Compare to their layoff buddies (and apparently "doomed company") Meta, whose profit was $5.6 billion.
- throwaway5959 4y agoAmazon intentionally doesn’t make a profit. It’s an excellent tax avoidance strategy and since their shareholders are OK with it a fantastic way to put their competition out of business.