Technology

59287 readers

4579 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

591

Amazon CEO Andy Jassy warns remote workers: 'It's probably not going to work out for you' (nypost.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

145 comments fedilink hide all child comments

Amazon CEO Andy Jassy warns remote workers: 'It's probably not going to work out for you'::Amazon CEO Andy Jassy told employees who defy his edict to return to the office three days a week that "it's probably not going to work out for you."

you are viewing a single comment's thread
view the rest of the comments

[–] MooseBoys@lemmy.world 14 points 1 year ago (2 children)

used Amazon to order stuff to work from home

Amazon makes almost no money on retail sales. They make their money from AWS and from advertisers.

[–] ech0@lemmy.world 11 points 1 year ago

Even better then. With people WFH companies move their on-prem servers and applications to the Cloud like AWS!

No matter how you dice this Amazon is fucking itself

[–] Takumidesh@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

Amazon had $220 billion in first party online retail revenue in 2022 $117 billion from 3rd party online retail $80 billion from AWS $37 billion from advertising.

Retail is amazons primary source of revenue.

Historically Amazon has used revenue from other segments to fund new ventures. AWS is profitable now, but it only came to be from the huge numbers that retail posts.

If it was truly the case that retail has no value, it would have been ditched ages ago, but in reality, the retail segment of the company enables other segments to be profitable. High revenue gives you liquidity, and Amazon's vast infrastructure network provides lots of other opportunities for the business.