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

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

#21
post #14

I think this is just expected. Google hired way too many people during the pandemic. Really a question of why they thought that was a good idea. They added like 70k employees in about 4 years. For what?

Money was stupid cheap, so employees didn't have to return much value to be a positive investment. Now, money is more expensive so they aren't worth it anymore.

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

#24

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.

[deleted]

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

#25

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.

growing chrome from nothing to monopoly-level browser?

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

#26

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.

Superior technology is not enough to win. For the most part, people are happy with Google, it integrates well into all that various surfaces folks use, etc. ChatGPT had a lot of hype and seemed the closest to getting mind share to the point where it would affect search usage, but from what I can tell, it's not made a dent. Anecdotes from the bubble of technologists don't really speak to the wider trends anymore.

Things which are mediocre and still dominate their segments include: Toyota cars, Heinz ketchup, GoPro cameras, Microsoft Windows, etc. Brand loyalty, trust, and familiarity simply go further than you think.

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

#27

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 yo…

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

Alphabet union [1] should put forth such a public letter, in keeping with tradition of Google stakeholders publicly demanding unnecessary expenses to be reined in [2].

[1] https://www.alphabetworkersunion.org/

[2] https://www.tcifund.com/files/corporateengageement/alphabet/...

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

#28
post #4

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.

Github Copilot was the real killer for me. I would say around 80% of the time I no longer have to leave my IDE for trivial problems (e.g. I no longer Google the regex) that I'd otherwise just rip from Stack Overflow.

Those searches aren't monetized anyway afaik, so I'm not sure it's really a bad thing for Google that you no longer make those queries.

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

#29
I wonder if this move is sound. Granted, inflation of consumer products hasn't died down, so they are getting choosier in how they spend, affecting Google's advertising revenue. So Google is betting more heavily on AI as a potential vehicle for revenue. But will the current AI tech really prove so disruptive, with high pricing?

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

#30

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

Profit doesn't mean you invested in hiring for the right things in the right departments, especially with as much shift in the overall market as we've seen in the last year.
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