US tech firms report great earnings but it is one off...

sgbuffett

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28-04-2023, 07:42 AM

Market cheer stock rise.
However most of the profits is from layoffs and filling existing orders.

Orders are falling ....they can still do layoffs to keep cutting costs but this can only go on for next one or 2 quarters.

Disney is latest to cut headcount. Its subscription war with Netflix continues even bringing back their previous star CEO is not helping

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Alice Alicia

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28-04-2023, 09:33 AM

Amazon stock price crashed after taking off.
Just like the spaceX rocket.

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lvlrsSTI

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28-04-2023, 03:37 PM

(28-04-2023, 07:42 AM)sgbuffett Wrote: Market cheer stock rise.
However most of the profits is from layoffs and filling existing orders.

Orders are falling ....they can still do layoffs to keep cutting costs but this can only go on for next one or 2 quarters.

Disney is latest to cut headcount. Its subscription war with Netflix continues even bringing back their previous star CEO is not helping

In order to have good balance sheets in the next few quarters, CEOs will lay off more people this year.

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(This post was last modified: 28-04-2023, 03:37 PM by lvlrsSTI.)

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