Amazon issued a weaker-than-expected forecast for 2023Q1. In January, Amazon began layoffs to the tune of 18,000 jobs—a sizable cost cut that will likely pump up net revenue for the next few reports and give shareholders a warm feeling.
After Prime Video’s disastrous performance and insane production costs, the salary reduction is much needed to keep Amazon agile. Expenses have become a primary target for Amazon’s “lean clean” phase, which will balance out the pandemic period’s excessive hiring.
Product sales are lower than expected in 2023, and the stock charts don’t show it yet. Whatever or whoever is fueling the AMZN rise won’t last long without support, but Amazon isn’t cooking anything that will give investors high hopes in the coming months, so don’t be surprised if AMZN has a reversal right after media channels are waving bullish flags.
After Prime Video’s disastrous performance and insane production costs, the salary reduction is much needed to keep Amazon agile. Expenses have become a primary target for Amazon’s “lean clean” phase, which will balance out the pandemic period’s excessive hiring.
Product sales are lower than expected in 2023, and the stock charts don’t show it yet. Whatever or whoever is fueling the AMZN rise won’t last long without support, but Amazon isn’t cooking anything that will give investors high hopes in the coming months, so don’t be surprised if AMZN has a reversal right after media channels are waving bullish flags.