Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

nypost.com

Post reply on HN
Print view View original

11–20 of 123 posts

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#11

Post by andsoitis »

ejb999 wrote: post #3
itsoktocry wrote: post #2

Google is still a juggernaut BUT... I don't think anyone here would claim competitor's "AI" isn't going to take a chunk of their search market, would they? Search quality was diminishing for the past few years as it is, but there was no real alternative. Now I'm using ChatGPT as much (or more) than Google. Almost everything about Google Search is mediocre.

I agree, google has been coasting way to long on past successes - they are ripe for smaller/nimbler/newer companies to start chipping away at their revenues.

Microsoft is financing OpenAI.

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#12

Post by oldpersonintx »

wantsanagent wrote: post #7

https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-... Nearly $20B in profit in a quarter? Good time for layoffs.

that's irrelevant

they overhired and now they are fixing it, and that profit margin will rise with the reduction in compensation

they're firing because they can

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#13

Post by noname120 »

wantsanagent wrote: post #7

https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-... Nearly $20B in profit in a quarter? Good time for layoffs.

Maybe he's just optimizing the short-term stock market value so he can sell all his shares.

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#17

Post by Workaccount2 »

Sundar should have been let go years ago, but I guess the pandemic money explosion made it easy for him to show big returns.

But look between the margins and it's clear google is rotting on the inside. Search sucks. Gemini a year behind (despite google inventing transformers). Canceling products left and right leaving no consumer faith in new offerings. Cloud platform being an absolute terrible experience, even if you have a rep inside too. Internal power groups crippling anything that isn't deemed sufficiently DEI compliant.

The laying off Sundar should be what investors want the most.

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#18

Post by hn_throwaway_99 »

SoftTalker wrote: post #6
itsoktocry wrote: post #2

Google is still a juggernaut BUT... I don't think anyone here would claim competitor's "AI" isn't going to take a chunk of their search market, would they? Search quality was diminishing for the past few years as it is, but there was no real alternative. Now I'm using ChatGPT as much (or more) than Google. Almost everything about Google Search is mediocre.

Why do you think ChatGPT will stay free of ads, SEO-spam, tracking, profiling, all the stuff that's wrong with traditional search?

I think SEO-spam would be much harder to implemented in an LLM vs. a traditional search engine. The harder part is figuring out an economic model where sources get any traffic in the first place.

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#19

Post by racl101 »

whywhywhywhy wrote: post #8

Can anyone name one thing of value this dude has actually done in his time in charge. Feel in a few years he's gonna have a worse reputation than Ballmer in terms of squandering potential.

At least Ballmer was funny and charismatic.

Re: Google cites 'durable cost savings' as CEO Sundar Pichai warns of more layoffs

#20

Post by nielsbot »

ejb999 wrote: post #3
itsoktocry wrote: post #2

Google is still a juggernaut BUT... I don't think anyone here would claim competitor's "AI" isn't going to take a chunk of their search market, would they? Search quality was diminishing for the past few years as it is, but there was no real alternative. Now I'm using ChatGPT as much (or more) than Google. Almost everything about Google Search is mediocre.

I agree, google has been coasting way to long on past successes - they are ripe for smaller/nimbler/newer companies to start chipping away at their revenues.

coasting on their search+ads monopoly you mean.
Post reply on HN