The e-commerce giant reported a profitable second quarter, but warned that the third quarter will be harder to predict.
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.
Investors were closely watching business spending with the company’s cloud computing division, which grew 12 percent in the most recent quarter.
The F.T.C. accused the internet giant of protecting an online retail monopoly and forcing higher prices onto consumers.
The retailer also swung to a profit in the second quarter.
The retailer also swung to a profit in the second quarter.
The company, reporting a 9 percent revenue increase for the first quarter, is the latest Big Tech company to top Wall Street’s financial expectations.
The cuts follow a round of layoffs announced several months ago that affected more than 18,000 jobs.
Big tech companies have long been willing to fund efforts with no obvious payoff. But those groups have been hit hard in recent layoffs.
The delay is the latest reminder that the tech industry’s pandemic-fueled boom has slowed and another indicator of how remote work has changed office-space needs.
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