this post was submitted on 14 Nov 2023
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420M in profit is still way too much to be laying off people
The didn’t make 420m in profit, they lost 124m.
Revenue is not profit.
Revenue is income. Profit is how much they made after some expenses.
Revenue is how much you sold stuff for. Profit is how much did you make after paying for everything to run your business. They got $544M but spent $668M, so they didn't make a profit.