Amazon cost cuts drive operating margin into double digits for first time

- Amazon's operating margin reached double digits for the first time in Q1 - Operating income more than tripled to $15.3 billion - Revenue growth in Amazon Web Services and advertising division exceeded expectations - CEO Andy Jassy's cost cuts and growth in higher-margin businesses are driving profits - Layoffs and cost controls have contributed to increased efficiency and profitability - Amazon expects continued profitability growth in Q2 with higher operating income - Investments in generative artificial intelligence and AWS infrastructure will lead to increased capital expenditures - Attention is shifting to AI following strong AWS performance in earnings report

Summarized top reddit comments: - Negative feedback on Amazon cost cuts affecting customer benefits like shipping speed and return policies - Concerns about incentivizing profitable corporations to cut more jobs - Unhappiness from employees about working conditions at Amazon - Feeling that Amazon is straying from their customer-centric philosophy - Negative sentiment towards Amazon's recent actions.