Google is laying off more employees and hiring for their roles outside of the U.S.
OMG what if Google moves to India/Mexico permanently and is subject to the TikTok ban.
Oh, I can dream. Haha!
Corporate shenanigans afoot at many companies it seems. I’m sure this will pay off grandly.
The latest cuts come as the company enjoys its fastest growth rate since early 2022, alongside improving profit margins. Last week, Alphabet reported a 15% jump in first-quarter revenue from a year earlier and announced its first-ever dividend and a $70 billion buyback.
Repulsive.
So they ditch the people who helped make them successful? What kind of ass-backwards strategy is this?
“Juice the next 3 months.”
Thats it. Thats the whole strategy each exec uses until they leave.
How can I get one of these jobs? Important detail I’m not rich.
Seems like a low skill job.
Yes. They have let go people that worked there for over 15 years.
I believe what Mark Zuckerberg said about the tech layoffs, streamlining by getting rid of more management roles.
There’s a recent podcast talking about this if you’re interested - https://omny.fm/shows/better-offline/the-man-that-destroyed-google-search
TLDR; they fired the guy largely responsible for building google search and replaced him with the guy running google ads.
Yup, and that’s why monopolies are bad. Once you get a dominant position, the way to increase profits is by abusing your market position. And publicly traded companies need to increase profits because that’s what shareholders expect.
In this case, reducing the quality of search means people need to search more often, which means they see more ads. As a double-whammy, if you improve the relevance of the ad results while reducing the relevance of the regular results, you get more click-through on the ads. So Google has little incentive, while it has a dominant position, of having a good search product. They’ll only care again if that dominance gets threatened.
You know, firing C level employees creates a lottttttttta cap space for actual employees!
