Keen to buttress margins and appease investor concerns at a time of slowing sales growth, big U.S. technology firms are expected to whittle away at their bloated workforce and costs through the next few months, reversing pandemic-era excesses, analysts said.
Each of America's five largest tech companies, though, are expected to report a fall in profits for the October-December period, as they try to recalibrate in a high-interest environment. Facebook-owner Meta<\/a> Platforms Inc and Amazon<\/a>.com Inc are expected to report the biggest declines.
Analysts have cut their total revenue projection for the five companies - Meta, Amazon, Apple Inc<\/a>, Alphabet Inc<\/a> and Microsoft Corp - by 5% to $561.4 billion as of January from October.
Big tech<\/a> companies are expected to be among the biggest drags to S&P 500's eleven sectors, with the information technology sector projected to report an earnings decline of 9.5%, according to FactSet data.
\"I would not expect good news for a while ... at least for the next three quarters. I would expect more layoffs,\" said Siddharth Singhai, chief investment officer at investment firm Ironhold Capital.
Amazon, which is expected to report that earnings slumped 38% and revenue grew at the slowest pace in over 22 years, started communicating to staff on Wednesday whether they were laid off as part of its decision to cut 18,000 jobs.
The reduction in workforce came after the retailer overhired based on pandemic demand, echoing Meta's aggressive hiring to meet a surge in social media usage by stuck-at-home consumers.
Meta, which decided in November to chop 11,000 jobs, could see a 42% plunge in profit, its fifth straight quarter of decline. The company is also likely to see a 7% fall in revenue - its worst showing ever.
The five companies on an average increased their employee base by 45% in 2020 and 20.5% in 2021, with Apple<\/a> hiring the most modestly.
\"We are forecasting another 5% to 10% headcount cut across the tech sector as many of these companies were spending money like 1980s rockstars,\" said Wedbush analyst Dan Ives.
Microsoft said on Wednesday it would eliminate 10,000 roles, affecting less than 5% of its employees. Analysts expect the company to report a 2.4% rise in revenue, the slowest pace in about 24 quarters. Profit is expected to fall 9%.
Apple's revenue is expected to fall for the first time in 15 quarters as its major supplier Foxconn<\/a> faced major disruption at the biggest iPhone factory in China due to worker unrest related to COVID curbs.
Revenue growth at Alphabet, which is slowing hiring and making \"course corrections\" to cut costs, is expected to be the slowest in 10 quarters.
To shore up stock prices, analysts said these companies could pour money into buybacks this year. Their shares fell between 26% and over 60% last year versus the broader market's nearly 20% decline.
They together have cash and cash equivalents of over $110 billion, with Amazon having the most and Meta having the least at the end of the September quarter.
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大科技括号的利润,更多的裁员
每个美国的五大科技公司,不过,预计报告利润下降10期,在高利率的环境中,他们试图重新调整。Facebook-owner元平台(aapl . o:行情)和Amazon.com (aapl . o:行情)预计将报告最大的下降。
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由Nivedita Balu Yuvraj马利克
热衷于支持利润率和安抚投资者的担忧的销售增长放缓,美国大型科技公司预计将削弱他们膨胀的劳动力和成本在接下来的几个月里,扭转pandemic-era过度,分析师表示。
每个美国的五大科技公司,不过,预计报告利润下降10期,在高利率的环境中,他们试图重新调整。Facebook-owner元平台公司和亚马逊com . n:行情)预计将报告最大的下降。
分析师下调五家公司的总收入投影——元,亚马逊,苹果(aapl . o:行情),字母公司和微软(msft . o:行情)——1月10月5%至5614亿美元。
大型科技股公司预计将在标普500指数的11个行业的拖累最大,与信息技术部门将报告利润会下降9.5%,据FactSet的数据。
“我不会期待好消息一段时间……乐动扑克至少在接下来的三个季度。我希望更多裁员,”哈斯。Singhai说,投资公司首席投资官Ironhold资本。
亚马逊,预计报告收益下跌38%和收入增长速度最慢的22年来,周三开始沟通员工是否被解雇的决定裁员18000人。
减少员工之前,零售商overhired基于流行的需求,呼应元咄咄逼人的招聘来满足呆在家里消费者的社交媒体的使用激增。
元,决定在11000年11月切工作,可以看到利润骤降42%,连续第五个季度下降。该公司还可能看到收入下降了7%——有史以来最糟糕的表现。
五家公司平均增加了员工基本由2020年的45%和2021年的20.5%,苹果招聘最适度。
“我们预测另一个5%到10%员工跨越科技行业的很多公司花钱像1980年代的牛人," Wedbush分析师丹艾夫斯。
微软周三表示,它将减少10000个角色,影响不到5%的员工。分析师预计该公司将报告的收入增长了2.4%,在大约24个季度以来的最低值。利润预计将下降9%。
苹果的收入预计将下降15个季度首次作为其主要供应商富士康面临重大中断在中国最大的iPhone工厂由于劳资纠纷COVID限制有关。
收入增长在字母表,招聘放缓,使“航向修正”来削减成本,预计将在10季最慢。
支撑股票价格,分析师表示,这些公司今年可能将资金注入回购。去年他们的股价下跌26%至60%与大盘的下跌近20%。
他们一起有超过1100亿美元的现金和现金等价物,亚马逊有最和元有至少9月季度的结束。
热衷于支持利润率和安抚投资者的担忧的销售增长放缓,美国大型科技公司预计将削弱他们膨胀的劳动力和成本在接下来的几个月里,扭转pandemic-era过度,分析师表示。
每个美国的五大科技公司,不过,预计报告利润下降10期,在高利率的环境中,他们试图重新调整。Facebook-owner元平台公司和亚马逊com . n:行情)预计将报告最大的下降。
分析师下调五家公司的总收入投影——元,亚马逊,苹果(aapl . o:行情),字母公司和微软(msft . o:行情)——1月10月5%至5614亿美元。
大型科技股公司预计将在标普500指数的11个行业的拖累最大,与信息技术部门将报告利润会下降9.5%,据FactSet的数据。
“我不会期待好消息一段时间……乐动扑克至少在接下来的三个季度。我希望更多裁员,”哈斯。Singhai说,投资公司首席投资官Ironhold资本。
亚马逊,预计报告收益下跌38%和收入增长速度最慢的22年来,周三开始沟通员工是否被解雇的决定裁员18000人。
减少员工之前,零售商overhired基于流行的需求,呼应元咄咄逼人的招聘来满足呆在家里消费者的社交媒体的使用激增。
元,决定在11000年11月切工作,可以看到利润骤降42%,连续第五个季度下降。该公司还可能看到收入下降了7%——有史以来最糟糕的表现。
五家公司平均增加了员工基本由2020年的45%和2021年的20.5%,苹果招聘最适度。
“我们预测另一个5%到10%员工跨越科技行业的很多公司花钱像1980年代的牛人," Wedbush分析师丹艾夫斯。
微软周三表示,它将减少10000个角色,影响不到5%的员工。分析师预计该公司将报告的收入增长了2.4%,在大约24个季度以来的最低值。利润预计将下降9%。
苹果的收入预计将下降15个季度首次作为其主要供应商富士康面临重大中断在中国最大的iPhone工厂由于劳资纠纷COVID限制有关。
收入增长在字母表,招聘放缓,使“航向修正”来削减成本,预计将在10季最慢。
支撑股票价格,分析师表示,这些公司今年可能将资金注入回购。去年他们的股价下跌26%至60%与大盘的下跌近20%。
他们一起有超过1100亿美元的现金和现金等价物,亚马逊有最和元有至少9月季度的结束。
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