Amazon freezes corporate hiring amid worsening economic outlook
While AWS appeared to perform well during the quarter, growing 28 percent over the prior year, CFO Brian Olsavsky warned that the cloud giant wasn't immune to slowdowns either as the division contended with higher energy costs and crash-strapped customers.
Olsavsky blamed macroeconomic uncertainties for a dip in cloud demand as customers refocus on controlling costs. He added that the company has also been plagued by surging energy prices which have increased more than 2x over the past few years.
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