61–70 of 192 posts
Earlier quoted context omitted.
I wonder if that is good news. You can look at it either as they slowed how much money they pour into the moonshots incinerator, or they stopped investing in potential unicorn lines of business.
What are some promising Google moonshots apart from Waymo?
Earlier quoted context omitted.
Well, if total average costs per employee for G would be very roughly 1 million, there you have it. I think it may be half of that if at all, but it impacts the increased revenue significantly in any case.
Costs do not impact revenue only profits.
This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.
I guess a significant number of employees are just working really hard on things that don't matter. When every single thing that needs working on is already being worked on, a lot of people are going to be doing busy work. There was a post by Stevie Yeggie where he talked about working at google. he looked really hard to find a new project to lead but absolutely everything was already being worked on, he found. event…
This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.
Clearly, those 8000 employees were producing -$10,000,000,000 per year.
Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.
Does that mean we'll stop seeing all the alarmist posts about how one should never build on GCP?
Public companies can structure their business however they prefer. If the story needs to be that Cloud is growing and profitable on a numbers sheet, you need no more than the finance geeks to make it happen.
Earlier quoted context omitted.
Good luck finding useful projects for 180k people. That's just a ridiculous amount of people and projects.
There are more than just SWE's employed at google. Custodial, food service, administration, operations, HR, etc...
Google Cloud made $864M in profit in a single quarter, more than ever before. Google Bets lost $86 3 M in the same period, much less than ever before.
Thomas Kurian is awesome - trained by Larry Ellison no doubt :).
This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.
Clearly, those 8000 employees were producing -$10,000,000,000 per year.
Summary from the release for Q4: - Revenue increased from $76B to $86B (13% increase) - Operating income increased $18.1B to $23.7B - Net income increased $13.6B to $20.7B - Diluted EPS increased $1.05 to $1.64
Okay so why is GOOG -4% in after hours this time? :)
This caught my eye, total employees - 2022: 190,234 - 2023: 182,502 Total increase in revenue of 10 billion. Not sure what conclusion to draw from this, but being a software engineer I found employment count interesting. Though 5% change in head count seems hardly major.
I think this is just unwinding from overhiring during the pandemic. - 2021: 156,500
2023: What?!?! Laying off a fraction of recent hires? The world is ending!!
Obviously this sucks for the laid-off, but…you don’t need a very long memory to put this in perspective.