Earlier quoted context omitted.
It is still a business - not a charity.
https://www.google.org/
Google.org didn't lay anyone off
Google Cuts Jobs in Engineering and Other Divisions
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Re: Google Cuts Jobs in Engineering and Other Divisions
#812Earlier quoted context omitted.
It's still real people who suffer when the numbers tell a different story - not charity cases.
I agree, but the mission of private business is not to keep as many people employed as possible.
That's weird, that's not what they tell our politicians when they ask for more leeway through new and improved labor and business laws.
Re: Google Cuts Jobs in Engineering and Other Divisions
#813Google doesn't innovate anymore. The last attempt at an innovation I saw was Stadia (RIP). But, most Google products have a replacement now; Google can finally die.
Re: Google Cuts Jobs in Engineering and Other Divisions
#814Re: Google Cuts Jobs in Engineering and Other Divisions
#815Earlier quoted context omitted.
It's still real people who suffer when the numbers tell a different story - not charity cases.
Wow, those poor ex-Google employees. Now that they have been laid off, they must be experiencing true suffering.
I don't understand the point of this comment. Are Google employees not workers as well? Do they not experience suffering or what exactly is the point you are trying to make here?
Your insensitive comment is probably showcasing the fallacy of relative privation, but these are real people you're talking about, some are on work visas or are from single income families. Their lives have changed in an instant and instead of empathizing, your reaction is a sarcastic 'those poor ex-Google employees'? Shame on you.
Re: Google Cuts Jobs in Engineering and Other Divisions
#816Google is almost a 2T company. The amount of wealth that big google shareholders hold in the 1T+ tech companies is mind boggling. Perhaps US should consider raising capital gains tax.
When it comes to large shareholders that wouldn't actually do anything. Nobody sells in these new blue chips; they just borrow against their positions. I've thought about this for a long time. If we wanted to actually tax this wealth, we should just make people pay capital gains on marked-to-market positions every 10 years. Now before everyone starts shouting "yea, but the valuations aren't value," you could easily t…
Why not treat collateralization the same as a sale? Bezos puts 1B worth of AMZN as collateral? Sure, but now treat that as a capital gains event and trigger appropriate taxes.
When the loan is repaid and AMZN is uncollaterized, treat it as a new buy event with a new cost basis.
Re: Google Cuts Jobs in Engineering and Other Divisions
#817Between Discord, Twitch, Amazon+Prime, and Google... what's the layoff pattern here? Are we talking about social community teams? Streaming/networking engineers? Or is there no connective thread between these four companies? Are there other corporate layoffs that round out this intrigue?
Not saying this is the reason at all, but personally speaking sell me something that is not a subscription based service. I will make a handful of exceptions but not more. All these companies relying on Nitro, Prime, Premium, Plus as if anyone wants to add yet another subscription to their bill. Meanwhile companies like Apple and Nvidia are releasing new high-end products that I can buy and not think about.
Apple sells six or seven different subscription services including tv, music, photo storage, and fitness.
They obviously don't think that selling subscriptions is a bad idea.
Re: Google Cuts Jobs in Engineering and Other Divisions
#818Re: Google Cuts Jobs in Engineering and Other Divisions
#819It seems like all these corps laying off people are trying to self fulfill a recession.
I imagine they’re just doing their best to adapt to a non-zero interest rate world.
So, when the interest rates go up, you shrink the production because it shrinks your gross earnings which makes it easier to pay off the interest— wait, it doesn't. And usually the interest on the loan already taken doesn't change, does it?
Re: Google Cuts Jobs in Engineering and Other Divisions
#820Google doesn't innovate anymore. The last attempt at an innovation I saw was Stadia (RIP). But, most Google products have a replacement now; Google can finally die.
> The last attempt at an innovation I saw was Stadia
What. This was a product that had many prior failed predecessors from other companies.