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Transcripts For BBCNEWS World Business Report 20240706

now, for the business news, i m victoria valentine. we start in the us where there is more evidence that, after tens of thousands ofjob cuts, big tech is pulling out of its post pandemic slump. amazon is the latest to reveal it s making much more money than wall street was expecting. sales hit more than $127 billion in the first three months of the year, and the online retail giant says that figure will be higher in the current quarter. it comes after alphabet, the owner of google and youtube, and meta, which owns facebook and instagram, both surprised investors with better than expected results. samira hussain reports from new york. this over the last year and is on has been aggressively cutting costs to help with profitability. it has already laid off 18,000 people and is currently about to eliminate another 9000 jobs. currently about to eliminate another 9000jobs. it currently about to eliminate another 9000 jobs. it would appear that some of those measures are alrea ....

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Transcripts for BBCNEWS World Business Report 20240604 04:32:00

As the retail giant posted earnings that beat investor expectations. amazon s cloud computing business which didn t grow as much as expected last order did very well in the first three months of this year. as did its advertising business. even retail, a core part of amazon s business, exceeded expectations. the roman online shopping during the pandemic has waned and people are going back into stores. amazon was still able to get customers to its website. as recent figures show, consumerspending website. as recent figures show, consumer spending in america remains steady. at what has investors really is amazon s guidance for the next quarter. it expects its business to grow between 5% and 10%. let s speak to retail expert miya knights who is co author of a book on amazon, and publisher of retail technology magazine. we have cost conscious customers and a softening economy. how is amazon responding ....

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