![]() ![]() Technology companies have been announcing layoffs, hiring freezes and rescinding job offers in the midst of economic uncertainty. "Despite continued inflationary pressures in fuel, energy, and transportation costs, we're making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network," CEO Andy Jassy said in a statement.Īmazon shaved its headcount by 99,000 people to 1.52 million employees as of the end of the second quarter after almost doubling in size during the pandemic. ![]() Analysts were expecting sales of $126.4 billion, according to Refinitiv.Īmazon has been contending with higher costs, as pandemic-driven expansion left the company with too many workers and too much warehouse capacity. Apple, along with Amazon, beat expectations.Īmazon said it expects to post third-quarter revenue between $125 billion and $130 billion, representing growth of 13% to 17%. Revenue growth of 7% in the second quarter topped estimates, bucking the trend among its Big Tech peers, which all reported disappointing results prior Thursday. $8.65 billion expected, according to StreetAccount $19.56 billion expected, according to StreetAccount Amazon Web Services: $19.7 billion vs.Here's how other key Amazon segments did during the quarter: Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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