this post was submitted on 02 Feb 2024
206 points (96.4% liked)

Technology

59534 readers
3195 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

Amazon is more profitable than ever after a year of mass layoffs::The tech giant posted the largest quarterly operating income in its history on the back of cost-cutting and faster revenue growth in key divisions.

top 23 comments
sorted by: hot top controversial new old
[–] AshMan85@lemmy.world 42 points 9 months ago (1 children)

eat the rich. regulate monopolies

[–] VampyreOfNazareth@lemm.ee 3 points 9 months ago

And stop buying their shit, Yes, all you Amazon account holders.

[–] avidamoeba@lemmy.ca 42 points 9 months ago* (last edited 9 months ago)

If this isn't a sign for Amazon workers that their contribution is undervalued even at their current compensation, I don't know what is. For fucks sake, unionize and become millionaires!

[–] RememberTheApollo@lemmy.world 25 points 9 months ago (1 children)

Cutting to profitability. A tired and true way to make the books look good.

(Not a typo)

[–] phoneymouse@lemmy.world 2 points 9 months ago

Till shit starts falling apart and then gradually customers get aggravated and move away to something else.

[–] demesisx@infosec.pub 23 points 9 months ago

All the news today about them reminded me to cancel my prime membership. Thanks, Barbara Streisand!

[–] LilB0kChoy@midwest.social 20 points 9 months ago (1 children)

I always sign up for the free Prime trials just so I can get the satisfaction of cancelling.

[–] meco03211@lemmy.world 4 points 9 months ago (1 children)

How often does that happen? What's the duration?

[–] LilB0kChoy@midwest.social 1 points 9 months ago (1 children)

I was mostly being facetious, I try not to use Amazon. My wife does off and on and has used a free trial 3-4 times a year.

The trials are 30 days (in the US) and years ago, 4-5, I would just use a throwaway email and do a new trial every 30 days to keep Prime. Not sure if they guard against that at all now or not.

[–] acetanilide@lemmy.world 2 points 9 months ago (1 children)

They offer me "free trials" every few months when i try to purchase something. which i accept and then promptly cancel so I don't forget about it. It's helpful for me since there are some things i need to purchase regularly on there. No throwaway required.

[–] LilB0kChoy@midwest.social -2 points 9 months ago

Good to know, glad you take advantage! Amazon is one of several companies I avoid on ethical grounds but I fault nobody else for shopping there.

[–] Kalkaline@leminal.space 16 points 9 months ago

But you know their product is going to go to shit in a few quarters, so be sure to sell high.

[–] cuntonabike@lemmy.world 11 points 9 months ago

And today I cancelled my prime membership and it feels great

[–] DogPeePoo@lemm.ee 9 points 9 months ago

TLDR: Amazon is a cunt

[–] diffusive@lemmy.world 8 points 9 months ago

If you stop putting fuel in your car, the first few miles are very cheap i must say....

[–] eleitl@lemmy.ml 8 points 9 months ago

Almost all of it is AWS. Which has a what, a 30% margin? Your money at work.

That's generally how the economy works, unless you're in a recession...

[–] taanegl@lemmy.world 5 points 9 months ago

Money for me, but not for thee

[–] _number8_@lemmy.world 5 points 9 months ago

i mean yeah duh. that doesn't mean it's right or good to do mass layoffs

[–] Jumi@lemmy.world 3 points 9 months ago

Haven't ordered anything from their site for years and never felt better

[–] GiddyGap@lemm.ee 3 points 9 months ago (1 children)

Does that mean that massive layoffs work?

[–] pivot_root@lemmy.world 8 points 9 months ago

Nobody works after massive layoffs :)

[–] Tronn4@lemmy.world 1 points 9 months ago

Looking forward to this year's layoffs/profits -amazon investors