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The 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/micr

• h2zizzle 11mo ago
  They'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 11mo ago
    yes, these companies have a track record of disappearing profits :)
    • h2zizzle 11mo ago
      They 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.