Sap
2023-03-21
$Amazon.com(AMZN)$ Amazon is on metas path of cutting down the fat, after resting over 18000 roles now announced to cut 9000 more roles. This time it also includes high paying roles from AWS. 

all the big techs ,except Apple due to differentproduct strategy,have seen unprecedented  revenue and profits,as a result invested heavily in trying new products , most of them are ambitious And revolutionary yet ahead of the time. outcome being 1) demand is less than supply,2) revenue is not in par with the expenditure And 3) huge drop in the share price, impacting investors and making them .

all these factors have forced investors to vent there frustration in several open letters. Companies have also realised this and are taking Steps to restructre and recalibrate.be it meta or Amazon or Google have and are shutting loss making projects, less productive teams and trimming  down head  count. While losing jobs isa bitter experience but for business in longer term is a profit making strategy and markets have always welcomed such moves.$Meta Platforms, Inc.(META)$ is near to $200 $Alphabet(GOOG)$ just crossed 100$ and recent news can boost slow bloomer Amazon stock and push it post 100 and hopefully set to another 3000$ run. Good luck everyone.


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