3 ms·
Odd how they are simultaneously having large layoffs even as reporting record revenues. The question is where the profits are.
by trollbridge 1y ago
Odd how they are simultaneously having large layoffs even as reporting record revenues.
The question is where the profits are.
- wmeredith 1y agoAmazon - 14,000 layoffs; significant Microsoft - 14,000 (multiple rounds); significant Meta - 600 layoffs; insignificant for company size Google - "Several hundred layoffs"; insignificant for a company size Apple - No layoffs Source: https://techcrunch.com/2025/10/24/tech-layoffs-2025-list/ https://techcrunch.com/2025/10/24/tech-layoffs-2025-list/
- _DeadFred_ 1y agoGoogle's Youtube unit is doing soft layoffs. https://news.ycombinator.com/item?id=45766368 https://news.ycombinator.com/item?id=45766368
- ponector 1y agoAlso every one of them has hundreds of thousands of external contractors which are not reported anywhere. And offshoring is also a huge cost-cutting effort everywhere.
- jcheng 1y agoThe layoffs at Amazon and Microsoft are not due to lack of profits. They’re massively profitable right now. https://www.macrotrends.net/stocks/charts/MSFT/microsoft/ebitda https://www.macrotrends.net/stocks/charts/MSFT/microsoft/ebi... https://www.macrotrends.net/stocks/charts/AMZN/amazon/ebitda https://www.macrotrends.net/stocks/charts/AMZN/amazon/ebitda
- h2zizzle 1y agoThey're "massively profitable" because they're laying off large portions of a major cost center - labor - and backloading uncoming data center construction costs. As those come due, and labor needs rise again, that profit disappears.
- bdangubic 1y agoyes, these companies have a track record of disappearing profits :)
- h2zizzle 1y agoThey have a track record of cornering a market and abusing their position, and also still somehow not being able to balance expenses and revenues to turn a profit that pleases shareholders. You get to decide if that's a problem with the company or the shareholders, I guess.