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Tell HN: Google-Wide Layoffs

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Re: Tell HN: Google-Wide Layoffs

#41

Post by bossyTeacher »

rvz wrote: post #16

Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.

Are you saying that "BigHead" kind of devs are doomed? And why does Google keep laying off people? You would think that they would do the relevant calculations and fire everyone they need to keep the costs down. The multiple rounds speaks of incompetency at Google. Given their unssuccessful attempts at besting OpenAi, it is not surprising. But still it is kind of scary to see how Google has become the old Microsoft and how the OpenAi is now the new Google

Re: Tell HN: Google-Wide Layoffs

#42

Post by bossyTeacher »

abnercoimbre wrote: post #18
rvz wrote: post #16

Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.

You think mass layoffs will start slowing down, or was last year a trend that's barely getting started? I just wish I could find well-educated guesses (because I know it's hard to predict definitively) but news sites are typically shallow / sensational.

I think this will likely last at the very least until the end of 2025 if not more. Companies seem to be delaying laying off all the people they need to layoff. To become strong, we must first experience weakness

Re: Tell HN: Google-Wide Layoffs

#44

Post by candiodari »

alecco wrote: post #26
mjan22640 wrote: post #25

Earlier quoted context omitted.

The Alphabet stock went up ~50% over the last year.

Bubble.

Really? I've often thought that of all the FANGs, Google has a pretty low multiple and scores pretty damn good on essentially all metrics. And I don't mean just "compared to Tesla".

Re: Tell HN: Google-Wide Layoffs

#45

Post by gumballindie »

bossyTeacher wrote: post #39

I wonder what does this mean for the "Everyone can code" movement (bootcamps, initiatives within Google and the like, government funding). They keep saying that you can get a high paying job if you do a 9 month course. When the best of the field are getting laid off, I wonder how long will the "Everyone can code" movement survive

Oh but they will get high pay compared to their bartending job.

Re: Tell HN: Google-Wide Layoffs

#46

Post by screye »

joak wrote: post #28
ilrwbwrkhv wrote: post #17

As I have been saying for a while Google, Amazon, Facebook, all these companies are on the decline. We have allowed them to become so big that they don't fall fast but it's very apparent that they would have been disrupted if they were normal sized like companies were in the past.

Microsoft was once on the decline and it's now bouncing back. Having billions and captive markets (by network effect) seems to help.

Microsoft did decline. Windows, office MSFT mobile and Xbox have either stagnated at the top or declined. Now, stagnation at a few dozen billions in revenue is still good. But very much legacy company stuff.

Microsoft built a whole another company called Azure. Smartly acquired 2 other companies called LinkedIn and Github. Then invested early in the biggest phenomenon of the post covid world - Openai.

Google ended the 2000s with Ads, Search, Youtube and Android. It's 2023 and not much has changed. Facebook sustains it's growth entirely through multi-billion$ acquisitions.

In all cases, the original middle management did very little to help.

Azure is the only exception.

Re: Tell HN: Google-Wide Layoffs

#47

Post by bossyTeacher »

gumballindie wrote: post #45
bossyTeacher wrote: post #39

I wonder what does this mean for the "Everyone can code" movement (bootcamps, initiatives within Google and the like, government funding). They keep saying that you can get a high paying job if you do a 9 month course. When the best of the field are getting laid off, I wonder how long will the "Everyone can code" movement survive

Oh but they will get high pay compared to their bartending job.

will they? The job market is full of high quality experienced devs. I don't see why any company would hire for an inexperienced dev when they can get an experienced one for cheap. It's like buying Walmart cheese for $5 when you can get high end cheese for $10. No brainer

Re: Tell HN: Google-Wide Layoffs

#48

Post by rvz »

ulfw wrote: post #21
rvz wrote: post #16

Engineers affected. The coasting day care is over and Google is in code red wartime mode in a state of panic. Sorry. The market is brutal and it does not care. No one is safe, not even Google.

What market? Google stock is up 56% YoY. Fifty six percent. What do you think it should be? 2000%? It's a huge mature company. 56% in a year is unheard of.

> Google stock is up 56% YoY. Fifty six percent.

That's it?

Screaming about 56% in one year is hardly anything to be celebrating about.

Compared with the likes of Meta with >200% in 1 year with just buying and holding alone tells us that was a much better return than Google which is already getting disrupted as it flails about.

> What do you think it should be? 2000%?

If you're talking making 2000% in one year, go and do some 0DTE options gambling on some other stocks.

> It's a huge mature company. 56% in a year is unheard of.

That means absolutely nothing. We gave Google enough time to respond to its rising competition and all it could do was fabricate a demo in front of the world.

No wonder the layoffs happened.

Re: Tell HN: Google-Wide Layoffs

#49

Post by likewize »

bossyTeacher wrote: post #47
gumballindie wrote: post #45

Earlier quoted context omitted.

Oh but they will get high pay compared to their bartending job.

will they? The job market is full of high quality experienced devs. I don't see why any company would hire for an inexperienced dev when they can get an experienced one for cheap. It's like buying Walmart cheese for $5 when you can get high end cheese for $10. No brainer

Oh wow, comparing cheese to developers is a pretty poor analogy.

Re: Tell HN: Google-Wide Layoffs

#50

Post by Panini_Jones »

likewize wrote: post #49
bossyTeacher wrote: post #47

Earlier quoted context omitted.

will they? The job market is full of high quality experienced devs. I don't see why any company would hire for an inexperienced dev when they can get an experienced one for cheap. It's like buying Walmart cheese for $5 when you can get high end cheese for $10. No brainer

Oh wow, comparing cheese to developers is a pretty poor analogy.

Is it? Are you saying cheese is too good to be compared to us? I knew it.
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