My opinion is formed from two anecdotes (not insider info): - Amazon has brought back Chase Freedom 5% credit card discount for Q2. It used to offer this in every Q4 for many years but had stopped it completely for the past several years. This might be to rekindle demand and improve revenue. -Additional 9K layoffs announced this week. Reduce expenses to make the company look better in earnings
Of course earnings will be bad. Last quarter they missed. Do you see any difference between then and now yourself? They stopped 2nd headquarters construction. They letting more ppl go 🤷♂️
Covid is out of sight and people have started to go out to buy stuff. They might see a fall in revenue. I’m not sure though
I don't understand how such a behemoth is unprofitable. It used to not be an issue with stellar growth but now growth isn't event there.
Empire building that has led to duplication of efforts
By having 10k employees working on Alexa to turn the lights on and off. If you saw the long list of IFTTT statements powering Alexa, you’d probably throw up and die inside.
Q3 will be even worse and Q4 will be a massive disaster. I work with finance and we are seeing numbers plummet. Azure is making huge strides and stealing customers on a daily basis. AWS is no longer the king of cloud. It’s a bloated mess of empire building MBAs who know nothing. Jeff Bezos needs to wake up!
When will they see that there is a fundamental problem treating employees like slaves !
They won’t. One day we will see the company fail and shutter into obsolescence. And that day is not very far.
I just got Chase Freedom email, activated 5% rewards for Amazon and Lowes. So yes, Amazon is still in the game.
Companies are looking to reduce their cloud spend. Cost cutting across the board.
Plenty of customers switching to Azure and going multi cloud as well. The head start AWS had is almost gone.
This. Every company is cutting cloud cost which is multi fold than running on prem