Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
Google is laying off more employees and hiring for their roles outside of the U.S.
Google is laying off more employees and hiring for their roles outside of the U.S.
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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.
Quick answer this one question.
You are given a button that upon pressing kills 100,000 people. The button does nothing else.
Do you press the button?
Of course not. Why would I risk limiting our market share that way?
I demonstrate synergy and the ability to run an agile ship by instead outsourcing development of an app charging 1,000,000,000 people $15 monthly for the privilege of pressing the button and posting that they weren't it this month.
Then I press it, because we must make sure our actions align with increasing shareholder value.
Sir, please wait by the door for your hummer limo straight to the upper crust.
And if no, how much money would it take to get you to push the button?
No… No, why would I do something like that?
Ahh, see you have a conscience. Sorry you're not billionaire material.
I would have accepted:
"Yes, for the mere thrill of it"
"Yes, they deserve it"
"Yes"
"No, that isn't nearly enough"
"Yes, it's my right"
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.
It’s called
Late Stage Capitalism
I already made this comment on a completely different post, but it's funny to see it's fruition. McDonald's executives bitching that fast food price increases have priced a lot of their low income customers off their menu... like they had no hand in it
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.
I could imagine them letting AI (or offshore workers) manage everything, and keeping the managers around with chatbots reporting in to the managers, so they wouldn’t know they were being replaced.
"Do no evil" was abandoned long ago.