Google Announces Fourth Quarter and Fiscal Year 2023 Results [pdf]

Post by matwood » Tue, Jan 30, 2024, 10:02 PM UTC

ehsankia wrote: post #26

tomcar288 wrote: post #23

Earlier quoted context omitted.

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…

But isn't that just bad management / prioritization? Isn't the solution to just shuffle people to more useful projects instead of firing them? Especially at a company that hires general engineers who can work on any project, and also at a company that has a lot of internal tooling which makes ramping up new engineers slow and tedious. They'll probably grow back to 190k within a few months, but those 8k new hires will…

Post by KeplerBoy » Tue, Jan 30, 2024, 10:05 PM UTC

ehsankia wrote: post #26

tomcar288 wrote: post #23

Earlier quoted context omitted.

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…

But isn't that just bad management / prioritization? Isn't the solution to just shuffle people to more useful projects instead of firing them? Especially at a company that hires general engineers who can work on any project, and also at a company that has a lot of internal tooling which makes ramping up new engineers slow and tedious. They'll probably grow back to 190k within a few months, but those 8k new hires will…

Post by FredPret » Tue, Jan 30, 2024, 10:07 PM UTC

etamponi wrote: post #3

samspenc wrote: post #2

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? :)

Post by feoren » Tue, Jan 30, 2024, 10:08 PM UTC

tomcar288 wrote: post #34

ehsankia wrote: post #26

Earlier quoted context omitted.

But isn't that just bad management / prioritization? Isn't the solution to just shuffle people to more useful projects instead of firing them? Especially at a company that hires general engineers who can work on any project, and also at a company that has a lot of internal tooling which makes ramping up new engineers slow and tedious. They'll probably grow back to 190k within a few months, but those 8k new hires will…

the problem is there's not enough high value projects to do. to much labor, too many employees and too much funding relative to the number of projects that actually bring value. Because all the high value stuff(high ROI stuff) is already done or already being worked on. all that's left is low ROI projects which take up huge amounts of time but bring little value. employees and managers know they generate little value…

Post by hiddencost » Tue, Jan 30, 2024, 10:10 PM UTC

tibbydudeza wrote: post #36

resolutebat wrote: post #5

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 :).