Amazon posts $3.2 billion profit, a result of cost cutting measures-layoffs
Amazon, e-commerce giant, on Thursday reported a profit of $3.2 billion for the first quarter, up from a loss of $3.8 billion in the year ago quarter and far exceeding analysts estimates. The swing to a profit comes as Amazon (AMZN) has ramped up its cost-cutting measures in recent months. The company has announced two rounds of […]
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