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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

#112

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

Overhiring should be punished. But it isn't. A shitty CEO can tell his company to overhire and then when that becomes a problem, he can tell his company to do layoffs and never pay a price.

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

#113
post #32

Earlier quoted context omitted.

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

There shouldn't be much controversy over fixing pandemic-era over hiring. But that's just the public-facing rationale. Betting more heavily on AI tech might be the real reason.

You should fix overhiring by firing the people that overhired. That never happens though because there's no accountability in leadership in any major tech company.

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

#115
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?

I know a person who works there that barely did their job when I worked with them. I know it’s anecdotal but when they got hired there I knew they just not have the same standards as they used to. I know another person there who says there isn’t even enough work to stay busy.

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

#118
post #83

Google has been standing on their laurels for the last decade but these days they have bigger competition for their Ad market and also landscape changed: 1) Apple new permission for tracking affected probably not only Facebook but Google as well 2) Web turned into bigger junk and SEO game and Google Search is not that useful anymore 3) Some (small fraction) still moved to DuckDuckGo / Bing or other search engines 4)…

Literally any one of their crazy messaging apps could have worked had they just you know - Picked One and Stuck To It.

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

#119
post #50

Google search has gotten so bad I’m genuinely considering trying bing

I've switched to Kagi a year ago and haven't looked back. I've tried Bing and DDG before and went back to Google immediately. Not so with Kagi, since switching over to it I've googled less than a handful of times. Seriously, try it.

I did try Kagi, IMHO cost limit by no of searches did not meet my needs and felt over priced. DDG and perplexity meets my needs and gives my money worth

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

#120

Google search has gotten so bad I’m genuinely considering trying bing

Bing is pretty great now. You get Bing points (redeemable for ~$100 in swag per year) and free Chat GPT that usually answers your question before you decide which link to click on.
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