Amazon Turns $2.7 Billion Loss in 2022 to a Profit of $30 Billion in 2023 - Publishers Weekly

That's a huge profit jump for one year.

Panzer's trip into the Catosphere today took our traveling kitty pilot to the Publishers Weekly site. There with a little digging in the posts he found one about Amazon's company profits.

 

According to Jim Milliot's post, Amazon announced a turnaround for a company loss in 2022 to a major profit in 2023. The company cut expenses by implementing employee layoffs and delivery reorganizations. The company also had a significant increase in sales. The combination of  these lead to the 2023 profit.

 

Panzer says, "The post has other information about an AI named Rufus. You need to read that too."

 

Note: This is a short-medium length post. Bring a cup of tea for today's reading selection.

 

To read the post tootle over to Amazon Profit