Skies darken for Amazon cloud service unit
NEW YORK -- When the covid-19 pandemic hit three years ago, Amazon was one of the few businesses that thrived.
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NEW YORK -- When the covid-19 pandemic hit three years ago, Amazon was one of the few businesses that thrived.
Companies are trimming their expenses on cloud services amid concerns about high inflation and fears that a recession might be around the corner.
Once a reliable cash cow, Amazon's cloud business slows as companies pull back on service | 2023-06-13 19:08:18
Many companies are being more cautious about their cloud costs.
Even when those lockdowns eventually lifted and Amazon's sales slowed as people returned to stores, the company could still count on its massive cash cow: Amazon Web Services.