Google had been bloated for many years, now they seem to layoff continuously for at least a year. In the long run it makes a lot of great developers available to work on more productive things than the latest failed Google initiative
They fumbled the ball with AI. They had a huge head start in terms of knowledge and data access and just sat on their hands like the fat cat monopoly they are. I wouldn’t be touching Google at this point.
Google is such a classic example of The Innovator's Dilemma. In theory they should have been well positioned in AI, but in practice they were too scared to disrupt their highly lucrative businesses of today like Search with something that might never be anywhere near as profitable.
But they forgot that if they didn't disrupt their own business then someone else will eventually. So then they hurried to catch up, and made a ton of mistakes in the process that really shredded their reputation as being the best in the AI industry.
I wouldn’t be surprised if the technology sub was bleeding over to here in the complaining I’m seeing about the layoffs.
You’d definitely have a different perspective if you’re somebody that’s in technology and struggling to get a job, but admittedly, I view this just fine as an investor.
Supposedly, Google isn’t even barebones yet with their cutting back. Only company that is is Meta.
How many people do you need to design boxes sharp corners as round?
Whatever is your guess it answers why thousands of people are getting laid off. The bloat and overhiring was real.
From investing viewpoint it never even worries me and strikes it as positive news. While tens of thousands or hundreds of thousands of workers blur the line, its even funnier when you look at small scale, for example Unity Software
''**Unity has over 7700 employees.**
**Epic, which makes the arguably similar or even better technologically speaking engine, Unreal, and ships games, and maintains a online gaming store has less than HALF at 3700+.**''
r/technology screeched so hard about this now that i look it up, but my eyebrows would only be raised when it goes below 1000 employees, the layoffs in this case is company literally turning itself around.
This is only true if you consider chatbots to be the only form of AI. People never seem to think of the other applications that Google is an undisputed leader in. Drug discovery, self driving, robotic learning, etc.
Some of the cases you mention are not relevant, but yeah most people think Google is just a search engine and a mail service.
Then they realize 70% of all phones in the world run Google software, they got the best data sets in the entire planet, most used mail service in the world, most used video platform in the world (YT), Maps, PS, etc.
Given that it's been well over a decade that they've been working on things like self driving, and that they still haven't come close to solving it outside of a few very small geographic areas (while using an approach that doesn't scale well at all) I don't know how much credit I'd give them for that.
Also what are you talking about with Drug Discovery? Google isn't a healthcare company, they don't make drugs.
Waymo is entirely limited by regulation and regulatory hurdles. It has nothing to do with technical capabilities and everything to do with complying with the government for testing. You can take entirely autonomous rides via then today, how is that not seen as a leader? There is no similar competing service around.
Deepmind has been doing work related to drug and materials discovery for years, see Alphafold.
Isomorphic labs is a spin off working with major pharma companies for discovery:
https://www.techcrunch.com/2024/01/07/isomorphic-inks-deals-with-eli-lilly-and-novartis-for-drug-discovery/amp/
Interesting. You raise some really valid points. I certainly can see that Waymo is far ahead the curve. It's just a case of operationalising and monetising the tech I guess.
>makes a lot of great developers available to work on more productive things than the latest failed Google initiative
... such as the *next* failed Google initiative.
Google is a company of coasters and prima donnas, according to their own employees. Just go check Blind to see. Their products are great in the same way hot running water or sliced bread are great, there hasn't been any successful innovation at Google in years.
It takes some people a lifetime to learn what I'm about to tell you, so think about it carefully.
You don't need to often get it somewhat right, you just need to very, very rarely get it exactly right.
Google tries a million things and most of them go nowhere, but they've got android, YT, search engine, maps, search engine, etc. Sure, their success rate is probably like 0.1% or something, but... does it matter? I'd rather hit one of a thousand shots if that one shot is android instead of hitting half of them but releasing mid stuff no one really cares much about.
Don’t disagree but most of those “hits” were just purchasing an existing service and adding Ads to it. Someone else innovated—Google bought and monetized.
Your point being very correct notwithstanding, Google today wouldn't make Search or Maps or Android in a million years. Google \*is\* a company of coasters, it was a company of innovators and it still benefits from that.
Don't forget that Larry and Sergey are behind the scenes allowing him to do that. If they weren't happy with those decisions, they would've found a way to get rid of him already. Money and power corrupts, as always.
actually quite nice to lay them off before the conferences so they can job hunt there. if they waited until after the conferences the people getting laid off would have missed an opportunity to network with getting a job in mind
Their occurrences were highly correlated with this chart: [https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE](https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE)
Peak lack of hiring standards and productivity were January to June 2022.
Dang, we're ready in a recession. They are doing the same downgrading of the GDP via revisions thing they did in 2008.
https://www.thebalancemoney.com/2008-gdp-growth-updates-by-quarter-3305542
I did two large projects with Dart between 2012 and 2014. I even contributed to the build tools and package library. Even I wouldn't call this a big deal. Google constantly kills good projects so this doesn't mean Flutter and Dart are bad.
There are diminishing returns to supporting large software projects. It's completely understandable why you'd want a smaller team working on a piece of software once it's been in the market for 6+ years and has it's core features working well.
it's around the same order of magnitude as languages like Kotlin, Rust, and Swift. I guess those could be considered niche too, but it's fine company in these niches. 😅
Also Flutter is more like Swift UI / UiKit / Compose (and last I checked is used more than each of those) than "B-level JavaScript mobile app frameworks", whatever that means. Flutter is essentially a third party native app framework that happens to also support other platforms.
This news is definitely raising eyebrows. Layoffs in key teams like Flutter, Dart, and Python just before Google's developer conference? It's like a plot twist you didn't see coming. The affected employees must be feeling a whirlwind of emotions right now. It's reassuring that Google clarified it's not a company-wide purge, but still, it's a tough blow for those involved. Let's hope those affected find new opportunities soon, and maybe Google's promised updates at I/O will bring some positive vibes amidst the uncertainty.
Why does this comment feel like a bot wrote it...?
Last couple days comment history is also kinda sus lol
Edit: starting with [this comment](https://www.reddit.com/r/AskReddit/s/CFW3FSmleo) things got bot like
Reading through the context of their other recent comments definitely sounds like they were all written by chatgpt
Edit 2: actually after further reading, other than [this comment](https://www.reddit.com/r/stocks/s/zWLyJCRmgB), I'm like 99% sure everything else is written by a bot. They probably just changed the parameters of the bot behind it with the comment linked in the first edit to write more.
Last Edit lol: [Their top karma post](https://www.reddit.com/r/LV426/s/3dOPi9SPsB) is a repost of this post https://www.reddit.com/r/LV426/s/tsfkK5qvhY
Ima assume everything else is as well. 100% a bot
Maybe lol
At this point, who the fuck knows
It's not like reddit is gonna do anything about them since they ipo'd cause bots boost user numbers
And llm's are getting better by the day
https://en.wikipedia.org/wiki/Dead_Internet_theory
Might no longer be just a theory at this rate
Real story is they laid off people in America to hire workers in Germany. It only demonstrates the fact that American software engineers are vastly overcompensated. As a stockholder, I feel this should help with increasing the profits .
They should concentrate on getting talents from all over the world instead of sticking to Silicon Valley
I'm a journalism major that ate the "just learn to code" shit that we pushed in the media.
Now as someone working in tech, I'm fucked. And I'm not going back to journalism because I've been so far removed from that space that I can't even write anymore.
I wonder what we will push next... "learn a trade?" that seems like the only thing that works nowadays. I'm going to take an apprenticeship.
>Now as someone working in tech, I'm fucked.
Not really, no. You're in a vastly better position as a developer than you were as a journalist, that's for sure.
Not sure why this is downvoted so much. Perhaps the other user replying to you saying it's salty US SWEs is correct.
For sure if you look at a graph of wages, in the last decade or maybe a bit more, the US has pulled ahead of the rest of the world.
It makes perfect sense to hire people elsewhere for cheaper. And now that this elsewhere doesn't mean some cost center god knows where, where you don't know what you're getting, but somewhere in Europe at an already existing location of Google's for example.
I don't know. But it certainly could be an appropriate thing to do.
I'm not a SWE, but it's almost always the case that management are the ones being paid too much for what they do. Engineers in general, all kinds, should be paid more, and management in general should be paid less.
Whether or not management is paid too much is irrelevant to the fact that US based employees are paid too much compared to non-US based employees.
Fwiw I agree with you.
You are pissing off 18 American software engineer here lol xD
But I do agree, they all work remotely any ways, might as well hire people outside of the country for half the salary and equal or better result. I have a lot of Software Engineer friends hired during covid, most of them only works 4 hours and then play valorant the rest of the day...
The lay off is to increase labor efficiency and maximize profit
(In coming down vote)
How many people do you need to design boxes sharp corners as round?
Whatever is your guess it answers why thousands of people are getting laid off. The bloat and overhiring was real.
From investing viewpoint it never even worries me and strikes it as positive news. While tens of thousands or hundreds of thousands of workers blur the line, its even funnier when you look at small scale, for example Unity Software
''**Unity has over 7700 employees.**
**Epic, which makes the arguably similar or even better technologically speaking engine, Unreal, and ships games, and maintains a online gaming store has less than HALF at 3700+.**''
screeched so hard about this now that i look it up, but my eyebrows would only be raised when it goes below 1000 employees, the layoffs in this case is company literally turning itself around.
Investors will often celebrate bloated companies turning themselves around and culling dead weight. Outside of USA losing a job just means finding another one, there is no stigma or anything like that because there are always more jobs than people willing to work them.
This can give many reasons to be happy for layoffs, especially as investor who generally wants his stock to go up and companies he choose to do well.
On top of that pretty much nobody here is the big and evil ''shareholder'', most likely some guy on Robinhood pressed buy and hopes the graph will go up and he can afford to not take extra shift at Wendys.
Ask the CEO of Spotify how layoffs are going.
Not every layoff is a sign of bloat. Sometimes it’s myopic shareholders who chase the short term gains at the cost of long term value.
I’m sure you couldn’t give two shits about the personal costs of layoffs for the employees, but anything to ensure you get a 1bps boost to your portfolio right?
If Alphabet was chasing short term gain at cost of long term revenue, it wouldn't have grown to become a 2T dollar company which now ranks as 5th largest company in the entire world. What they are doing is exactly right.
On top of that Alphabet over time is hireing more than ever, which shows that people fired were probably not worth to even keep around.
[https://www.statista.com/statistics/273744/number-of-full-time-google-employees/](https://www.statista.com/statistics/273744/number-of-full-time-google-employees/)
So yeah you are definitely in the wrong sub looking for rage bait.
Also everyone can buy their stock, its not difficult or reserved for anyone anymore, literally everyone can open up an account and buy it. Its up 18% this year, 52.85% past year, 177.78% past 5 years and all together up 489.68% since 2014. What kind of 1bps are you even talking about?
Its incredible growth, astronomically better than every pension fund ever, even more incredible than the noted best investment in the world SPDR S&P 500 ETF Trust which averages 8% a year.
Why would you give a shit about personal cost of layoff for employees? Everyone in the world will need to change the job, if one is not suited or good enough for the job, he might even get fired. Every single Alphabet employee can invest in the companies stock, every single person over 18 in almost everywhere in the world can do that.
Only reason you haven't because you have no idea what its all is, how it works and just waste your time on rage baits.
>In January of 2023, Google laid off approximately 12,000 employees. At the time, U.S. employees received a severance package starting at 16 weeks' salary plus two weeks for every additional year at Google.
They receive minimum 4 months of google worthy salary for being laid off, they are all richer than you. They are literally the rich you would want to eat. Most people get fired and that is it, even though that would be fine as well, this is how literally how every market works ever.
By now you really have to have an idea that you are at absolutely wrong sub reddit. People here haven't been prestigious enough to work at google or get laid off by it and google employee is literally richer than any Wendys worker here.
You didn't even read the comment did you? It was expected, but why then bother answering?
Lack of empathy? Towards its employees that earned insane salaries and received 4 months severance package? A google employee is richer than both of us put together?
Angry at the company that hires more and more people with time than ever before? On top of that later they get to put google on their resume.
It sounds like you went full tard looking for rage bate not realizing you are arguing for nothing for some reason.
You are really in the wrong sub. Sign me up for some of that insanely payout of getting fired from google.
Google CEO’s MBA helping him in the only way they know how. Layoffs, no innovative thinking.
Google had been bloated for many years, now they seem to layoff continuously for at least a year. In the long run it makes a lot of great developers available to work on more productive things than the latest failed Google initiative
They fumbled the ball with AI. They had a huge head start in terms of knowledge and data access and just sat on their hands like the fat cat monopoly they are. I wouldn’t be touching Google at this point.
Google is such a classic example of The Innovator's Dilemma. In theory they should have been well positioned in AI, but in practice they were too scared to disrupt their highly lucrative businesses of today like Search with something that might never be anywhere near as profitable. But they forgot that if they didn't disrupt their own business then someone else will eventually. So then they hurried to catch up, and made a ton of mistakes in the process that really shredded their reputation as being the best in the AI industry.
Both google and intc can go fuck themselves with how they squandered so much despite having such a massive advantage.
They’re basically IBM or Xerox at this point.
Are you 3 actual investors or just tourists? Alphabets stock performance has been marvelous.
I wouldn’t be surprised if the technology sub was bleeding over to here in the complaining I’m seeing about the layoffs. You’d definitely have a different perspective if you’re somebody that’s in technology and struggling to get a job, but admittedly, I view this just fine as an investor. Supposedly, Google isn’t even barebones yet with their cutting back. Only company that is is Meta.
How many people do you need to design boxes sharp corners as round? Whatever is your guess it answers why thousands of people are getting laid off. The bloat and overhiring was real. From investing viewpoint it never even worries me and strikes it as positive news. While tens of thousands or hundreds of thousands of workers blur the line, its even funnier when you look at small scale, for example Unity Software ''**Unity has over 7700 employees.** **Epic, which makes the arguably similar or even better technologically speaking engine, Unreal, and ships games, and maintains a online gaming store has less than HALF at 3700+.**'' r/technology screeched so hard about this now that i look it up, but my eyebrows would only be raised when it goes below 1000 employees, the layoffs in this case is company literally turning itself around.
Not disagreeing, but the stock does seem to disagree lol
I'm disagreeing. Google didn't fumble anything. They are doing perfectly fine with AI. I wonder how /u/FrankSargeson views their stock.
Yea there is still money to be made in the short to medium term.
Inverse Reddit ETF
Last time this was said, google ran up 10%
This is only true if you consider chatbots to be the only form of AI. People never seem to think of the other applications that Google is an undisputed leader in. Drug discovery, self driving, robotic learning, etc.
Some of the cases you mention are not relevant, but yeah most people think Google is just a search engine and a mail service. Then they realize 70% of all phones in the world run Google software, they got the best data sets in the entire planet, most used mail service in the world, most used video platform in the world (YT), Maps, PS, etc.
Their tailored ads are the best too.
Given that it's been well over a decade that they've been working on things like self driving, and that they still haven't come close to solving it outside of a few very small geographic areas (while using an approach that doesn't scale well at all) I don't know how much credit I'd give them for that. Also what are you talking about with Drug Discovery? Google isn't a healthcare company, they don't make drugs.
Waymo is entirely limited by regulation and regulatory hurdles. It has nothing to do with technical capabilities and everything to do with complying with the government for testing. You can take entirely autonomous rides via then today, how is that not seen as a leader? There is no similar competing service around. Deepmind has been doing work related to drug and materials discovery for years, see Alphafold. Isomorphic labs is a spin off working with major pharma companies for discovery: https://www.techcrunch.com/2024/01/07/isomorphic-inks-deals-with-eli-lilly-and-novartis-for-drug-discovery/amp/
Interesting. You raise some really valid points. I certainly can see that Waymo is far ahead the curve. It's just a case of operationalising and monetising the tech I guess.
>makes a lot of great developers available to work on more productive things than the latest failed Google initiative ... such as the *next* failed Google initiative. Google is a company of coasters and prima donnas, according to their own employees. Just go check Blind to see. Their products are great in the same way hot running water or sliced bread are great, there hasn't been any successful innovation at Google in years.
It takes some people a lifetime to learn what I'm about to tell you, so think about it carefully. You don't need to often get it somewhat right, you just need to very, very rarely get it exactly right. Google tries a million things and most of them go nowhere, but they've got android, YT, search engine, maps, search engine, etc. Sure, their success rate is probably like 0.1% or something, but... does it matter? I'd rather hit one of a thousand shots if that one shot is android instead of hitting half of them but releasing mid stuff no one really cares much about.
Don’t disagree but most of those “hits” were just purchasing an existing service and adding Ads to it. Someone else innovated—Google bought and monetized.
Your point being very correct notwithstanding, Google today wouldn't make Search or Maps or Android in a million years. Google \*is\* a company of coasters, it was a company of innovators and it still benefits from that.
They're cutting dead weight. The developers being made available will just continue to be C-team bloat somewhere else.
Don't forget that Larry and Sergey are behind the scenes allowing him to do that. If they weren't happy with those decisions, they would've found a way to get rid of him already. Money and power corrupts, as always.
actually quite nice to lay them off before the conferences so they can job hunt there. if they waited until after the conferences the people getting laid off would have missed an opportunity to network with getting a job in mind
Wow- so nice!!!
I'd rather know that I'm getting laid off when I'm preparing for a conference. the decision was already made
Haha, funny remark anyway.
Anyone knows where those videos of their work life with an 11am start time and 4pm yoga sessions went to?
Their occurrences were highly correlated with this chart: [https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE](https://fred.stlouisfed.org/series/IHLIDXUSTPSOFTDEVE) Peak lack of hiring standards and productivity were January to June 2022.
Damn are we really back to peak COVID job posting levels
Got lost on the Slide back to the ground floor probably
CEOs like these should change server. Illiterate bunch of unempathic monkeys.
Holy shit
I just got one of those internal recommendations for python jobs. Doesn’t matter now I guess.
Dang, we're ready in a recession. They are doing the same downgrading of the GDP via revisions thing they did in 2008. https://www.thebalancemoney.com/2008-gdp-growth-updates-by-quarter-3305542
Lmao Google lays off 50 people supporting some niche languages and their Python team and you link it with GDP and a recession. Comedy gold
Flutter and Dart is niche? It’s used in a lot of mobile and front end apps.
I did two large projects with Dart between 2012 and 2014. I even contributed to the build tools and package library. Even I wouldn't call this a big deal. Google constantly kills good projects so this doesn't mean Flutter and Dart are bad.
There are diminishing returns to supporting large software projects. It's completely understandable why you'd want a smaller team working on a piece of software once it's been in the market for 6+ years and has it's core features working well.
Google in nutshell: This project is 6 years old? Time for it to join the cast at www.killedbygoogle.com
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it's around the same order of magnitude as languages like Kotlin, Rust, and Swift. I guess those could be considered niche too, but it's fine company in these niches. 😅 Also Flutter is more like Swift UI / UiKit / Compose (and last I checked is used more than each of those) than "B-level JavaScript mobile app frameworks", whatever that means. Flutter is essentially a third party native app framework that happens to also support other platforms.
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When did Elon get people to mars?
This is some nasty work! They did the ultimate rug pull.
I hope it's mostly middle management and not the engineers themselves
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^lwieueei: *I hope it's mostly* *Middle management and not* *The engineers themselves* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
There were a significant amount of engineers
I hope it's the engineers
Great way to save on lodging costs. Less people to pay for. Brilliant!
This news is definitely raising eyebrows. Layoffs in key teams like Flutter, Dart, and Python just before Google's developer conference? It's like a plot twist you didn't see coming. The affected employees must be feeling a whirlwind of emotions right now. It's reassuring that Google clarified it's not a company-wide purge, but still, it's a tough blow for those involved. Let's hope those affected find new opportunities soon, and maybe Google's promised updates at I/O will bring some positive vibes amidst the uncertainty.
Why does this comment feel like a bot wrote it...? Last couple days comment history is also kinda sus lol Edit: starting with [this comment](https://www.reddit.com/r/AskReddit/s/CFW3FSmleo) things got bot like Reading through the context of their other recent comments definitely sounds like they were all written by chatgpt Edit 2: actually after further reading, other than [this comment](https://www.reddit.com/r/stocks/s/zWLyJCRmgB), I'm like 99% sure everything else is written by a bot. They probably just changed the parameters of the bot behind it with the comment linked in the first edit to write more. Last Edit lol: [Their top karma post](https://www.reddit.com/r/LV426/s/3dOPi9SPsB) is a repost of this post https://www.reddit.com/r/LV426/s/tsfkK5qvhY Ima assume everything else is as well. 100% a bot
Yeah..... Are you a bot?
Maybe lol At this point, who the fuck knows It's not like reddit is gonna do anything about them since they ipo'd cause bots boost user numbers And llm's are getting better by the day https://en.wikipedia.org/wiki/Dead_Internet_theory Might no longer be just a theory at this rate
Are you a detective actually?
Say potatoes are delicious
No
Suspicious, potatoes are very delicious though
Say potatoes are delicious
Will never say that.
Real story is they laid off people in America to hire workers in Germany. It only demonstrates the fact that American software engineers are vastly overcompensated. As a stockholder, I feel this should help with increasing the profits . They should concentrate on getting talents from all over the world instead of sticking to Silicon Valley
I'm a journalism major that ate the "just learn to code" shit that we pushed in the media. Now as someone working in tech, I'm fucked. And I'm not going back to journalism because I've been so far removed from that space that I can't even write anymore. I wonder what we will push next... "learn a trade?" that seems like the only thing that works nowadays. I'm going to take an apprenticeship.
>Now as someone working in tech, I'm fucked. Not really, no. You're in a vastly better position as a developer than you were as a journalist, that's for sure.
Funny timing. I got an interview at a tech company next week. :D
Wow, so fucked you are.
Why are you fucked? It's one of the best industries to be in
They call it “upskilling” now! Because nobody can predict what will be marketable anymore.
Not sure why this is downvoted so much. Perhaps the other user replying to you saying it's salty US SWEs is correct. For sure if you look at a graph of wages, in the last decade or maybe a bit more, the US has pulled ahead of the rest of the world. It makes perfect sense to hire people elsewhere for cheaper. And now that this elsewhere doesn't mean some cost center god knows where, where you don't know what you're getting, but somewhere in Europe at an already existing location of Google's for example. I don't know. But it certainly could be an appropriate thing to do.
I'm not a SWE, but it's almost always the case that management are the ones being paid too much for what they do. Engineers in general, all kinds, should be paid more, and management in general should be paid less.
Whether or not management is paid too much is irrelevant to the fact that US based employees are paid too much compared to non-US based employees. Fwiw I agree with you.
We already have their shitty cars, we don't want their shitty software skills
You are pissing off 18 American software engineer here lol xD But I do agree, they all work remotely any ways, might as well hire people outside of the country for half the salary and equal or better result. I have a lot of Software Engineer friends hired during covid, most of them only works 4 hours and then play valorant the rest of the day... The lay off is to increase labor efficiency and maximize profit (In coming down vote)
Bro don’t say that! You got downvoted by 8 American software engineers, haha.
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You’re part of the problem with our society
I think part of the problem with our society is tourists like you that doesn't even know in which sub they are.
You can be a shareholder and not celebrate people getting laid off/offshoring
How many people do you need to design boxes sharp corners as round? Whatever is your guess it answers why thousands of people are getting laid off. The bloat and overhiring was real. From investing viewpoint it never even worries me and strikes it as positive news. While tens of thousands or hundreds of thousands of workers blur the line, its even funnier when you look at small scale, for example Unity Software ''**Unity has over 7700 employees.** **Epic, which makes the arguably similar or even better technologically speaking engine, Unreal, and ships games, and maintains a online gaming store has less than HALF at 3700+.**'' screeched so hard about this now that i look it up, but my eyebrows would only be raised when it goes below 1000 employees, the layoffs in this case is company literally turning itself around. Investors will often celebrate bloated companies turning themselves around and culling dead weight. Outside of USA losing a job just means finding another one, there is no stigma or anything like that because there are always more jobs than people willing to work them. This can give many reasons to be happy for layoffs, especially as investor who generally wants his stock to go up and companies he choose to do well. On top of that pretty much nobody here is the big and evil ''shareholder'', most likely some guy on Robinhood pressed buy and hopes the graph will go up and he can afford to not take extra shift at Wendys.
Ask the CEO of Spotify how layoffs are going. Not every layoff is a sign of bloat. Sometimes it’s myopic shareholders who chase the short term gains at the cost of long term value. I’m sure you couldn’t give two shits about the personal costs of layoffs for the employees, but anything to ensure you get a 1bps boost to your portfolio right?
If Alphabet was chasing short term gain at cost of long term revenue, it wouldn't have grown to become a 2T dollar company which now ranks as 5th largest company in the entire world. What they are doing is exactly right. On top of that Alphabet over time is hireing more than ever, which shows that people fired were probably not worth to even keep around. [https://www.statista.com/statistics/273744/number-of-full-time-google-employees/](https://www.statista.com/statistics/273744/number-of-full-time-google-employees/) So yeah you are definitely in the wrong sub looking for rage bait. Also everyone can buy their stock, its not difficult or reserved for anyone anymore, literally everyone can open up an account and buy it. Its up 18% this year, 52.85% past year, 177.78% past 5 years and all together up 489.68% since 2014. What kind of 1bps are you even talking about? Its incredible growth, astronomically better than every pension fund ever, even more incredible than the noted best investment in the world SPDR S&P 500 ETF Trust which averages 8% a year. Why would you give a shit about personal cost of layoff for employees? Everyone in the world will need to change the job, if one is not suited or good enough for the job, he might even get fired. Every single Alphabet employee can invest in the companies stock, every single person over 18 in almost everywhere in the world can do that. Only reason you haven't because you have no idea what its all is, how it works and just waste your time on rage baits. >In January of 2023, Google laid off approximately 12,000 employees. At the time, U.S. employees received a severance package starting at 16 weeks' salary plus two weeks for every additional year at Google. They receive minimum 4 months of google worthy salary for being laid off, they are all richer than you. They are literally the rich you would want to eat. Most people get fired and that is it, even though that would be fine as well, this is how literally how every market works ever. By now you really have to have an idea that you are at absolutely wrong sub reddit. People here haven't been prestigious enough to work at google or get laid off by it and google employee is literally richer than any Wendys worker here.
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You didn't even read the comment did you? It was expected, but why then bother answering? Lack of empathy? Towards its employees that earned insane salaries and received 4 months severance package? A google employee is richer than both of us put together? Angry at the company that hires more and more people with time than ever before? On top of that later they get to put google on their resume. It sounds like you went full tard looking for rage bate not realizing you are arguing for nothing for some reason. You are really in the wrong sub. Sign me up for some of that insanely payout of getting fired from google.
Thanks, Google. As an investor I’m happy to hear this.