3 ms·

Costs went up a lot, primarily from increased payroll. That's why they did a big layoff, although I believe they still have more employees than end of 2021 even

• gen220 4y ago
  Yea, I think the point-in-time, annualized R&D expense on 2023/03 will be the midpoint of the reported figure for 2022 and 20221. (~$30bn, where EOY 2022 was $35bn and EOY 2021 was $24.6bn). The layoff, we can imagine, impacted maybe 15% of R&D at most. It might still be too high in 2023, depending on what their revenue figures do in Q1/Q2. Would be interesting if they needed to do another layoff -- doesn't seem outside the realm of possibility.
• ojbyrne 4y ago
  As someone who was laid off, this is because while the announcement was in November, the WARN period meant we were all on the payroll until into 2023.
• MuffinFlavored 4y ago
  kind of interesting covid happened, money was printed to replace lost wages but somehow it trickled up plus people couldn't leave their house so tech companies saw booms in sales/revenue so then inflation happened to the tune of 8% and the narrative was "if you didn't get at least an 8% raise 2019 -> 2020 -> 2021 each year you basically got a paycut" and now we're seeing layoffs that basically feel like a reaction/counterbalance to any inflation rasies (or hires) that were given/made "if a tree falls in the woods and nobody is around to hear it" "if you get an inflation-sized big raise but then get laid off, did you really get a raise at all?"