Amazon's Cloud Services Division Announces Layoffs
In a significant move that reverberates across the tech industry, Amazon has disclosed plans for substantial layoffs within its cloud services division
Amazon said its quarterly earnings fell despite exceeding expectations, leading to a downfall in the tech giant's shares, AFP reported.
Revenue rose 24%, rising to $ 70 billion in the quarter through September 30, compared with $ 56.6 billion in sales recorded in the same period a year earlier, according to the Seattle-based company.
However, net income fell to $ 2.1 billion from nearly $ 3 billion over the same comparative period.
Amazon shares fell by nearly 9%.
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As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022