Amazon doubles its net income compared to the first quarter and reports an 11% increase in net sales YOY.
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Andy Jassy
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Despite challenging macroeconomic conditions, Amazon president and CEO Andy Jassy is optimistic about the company’s future.
For the third time since November 2022, Amazon announces 9,000 more job cuts, bringing total job cuts to 28,000.
Phase 2 of Amazon HQ2 construction is being put on hold in Arlington, Virginia. Phase 1 is set to open June 2023.
In its Q4 and full-year 2022 earnings report, Amazon reports a net loss of $2.7B for the year, though the company still experienced revenue
Amazon reports the five-day Thanksgiving weekend generated the biggest holiday shopping weekend ever.
Amazon CEO Andy Jassy confirms widely-reported layoffs, noting they will continue into 2023.
Amazon reports net sales of $113.1B in Q2 2021, a 27% increase, including subscription revenue of $7.9B.
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