Pretty much spot on of course, anyone who was at Google 'before' can trace the dots to today. One of the benefits of a generous set of perks is that management can adjust the expense once they get close to the end of the quarter so that the 'numbers come out right.' Google is losing that ability. It makes things like their Q4 'miss' [1] more likely. It is of course entirely Google's prerogative on how they spend thei…
The earnings miss was by about $1/share, or $323M. That's about $10K per employee over the quarter. You really think Google spends $10K/employee/quarter on perks? I've heard numbers for the food costs, and you're overestimating by more than an order of magnitude.
I actually think perks today are significantly better than they were when I joined in Jan 2009. Cafes are open on weekends. There's more than one option for Friday dinner. They booked the whole Oracle Arena and took us all to see Cirque du Soleil. Cake played at Googleween. Random speakers like Sandra Day O'Connor, Lady Gaga, Carlos Santana, George R.R. Martin, and Bear McCreary show up for talks. We get random schwag more often.