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Of course, but one must acknowledge that past growth is a large (often, dominating) contributing factor to future growth. But that's part of my question: what
by gen220 4y ago
Of course, but one must acknowledge that past growth is a large (often, dominating) contributing factor to future growth.
But that's part of my question: what did they predict that merited a layoff, when their cost structure wasn't ballooning out of control, and which made the alternative of maintaining a hiring freeze throughout 2023 insufficient?
- brewdad 4y agoI’m guessing that a certain percentage of new hires over the past boom years aren’t working out. It’s easier to identify them and do a massive layoff than have to justify each case individually. The fact that everyone else is also laying people off gives them the cover to avoid the huge morale hit than comes with a layoff announcement.
- andsoitis 4y agoWell, their profit dropped by 34% and is the fourth consecutive quarter for profit to drop. That’s also historical data… https://www.nytimes.com/2023/02/02/technology/alphabet-earnings.html https://www.nytimes.com/2023/02/02/technology/alphabet-earni...