Addressing Recession
A recession lies on the horizon and within the tech sector, a canary in the coal mine for the overall economy, layoffs continue. While Selipsky did not bring up Amazon’s job losses, or AWS’ slowing revenue growth, he did home in on customers’ fears. People are tempted, in times of uncertainty, to cut back and slow down, he said. But, “that’s when it’s time to lean in.”
“The cloud is more cost-effective and many customers are saving 30% or more,” he said. “If you’re looking to tighten your belt, the cloud is the place to do it.”
That’s because, he said, cloud supports agility with fewer resources. That’s critical during a recession because innovation is still critical, Selipsky said, as is “learning to navigate new environments.”
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