Leaked internal documents show Amazon is cutting costs further in anticipation of a severe economic downturn
They said Amazon's growth and profitability have historically been"negatively correlated."cutting costs across the boardThat likely means Amazon's revenue growth will also slow down, according to an internal macroeconomic report obtained by Insider.
"Acceleration in business growth is associated with profit margin deceleration, and vice versa. There is a clear tradeoff between the interplay of profit seeking and growth, rendering it difficult to achieve both objectives simultaneously," the report said. The report also showed Amazon's economists put the odds of the US economy going into a recession in the next six months at 30%,In an email to Insider, Amazon's spokesperson said the company's leadership team disagreed with its own economists.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Needham lowers 2023 estimates for Amazon, says investors want to see pricing power over cost cuttingShares of Amazon are down more than 45% this year as the online retailer dealt with slowing growth in its core business.
Read more »
A Loaded 2023 GMC Canyon Costs Nearly $70,000The Canyon has gotten a bunch of upgrades for 2023, but its top trim isn't cheap. An AT4X with the Edition 1 Package retails for nearly 70 grand.
Read more »
A Loaded 2023 GMC Canyon Costs Nearly $70,000The Canyon has gotten a bunch of upgrades for 2023, but its top trim isn't cheap. An AT4X with the Edition 1 Package retails for nearly 70 grand.
Read more »
Lost Ark Shows Of 2023 Roadmap With Year-Long PlansAmazonGames posted a new blog entry today showing off what they have planned for LostArk with the 2023 roadmap.
Read more »
EXCLUSIVE: Patou, Zadig & Voltaire Will Show the Day After January CoutureHaute couture week may end on Jan. 26 but the shows will go on, with Patou and Zadig & Voltaire holding off-calendar shows on Jan. 27 in undisclosed locations in Paris.
Read more »
HBO Max 2023 Promo Shows Off True Detective: Night Country & MoreHBO Max unveiled a brand new promo reel for its 2023 slate of upcoming and returning original shows including True Detective: Night Country.
Read more »