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Revenue is generally highest in Q4 due to Christmas spending.[1] So comparing 2022 Q4 to 2022 Q3 isn't really fair. If you compare it to 2021 Q4, it's much wors
by Thorrez 4y ago
Revenue is generally highest in Q4 due to Christmas spending.[1] So comparing 2022 Q4 to 2022 Q3 isn't really fair. If you compare it to 2021 Q4, it's much worse. Operating income declined from $20.6B in 2021 Q4 to $13.6B in 2022 Q4.[2] Disclosure: I work at Google but don't have any insight into company finances.
[1] https://ycharts.com/companies/GOOG/revenues https://ycharts.com/companies/GOOG/revenues
[2] https://abc.xyz/investor/static/pdf/2022Q4_alphabet_earnings_release.pdf https://abc.xyz/investor/static/pdf/2022Q4_alphabet_earnings...
- newswasboring 4y agoDude, it's still 13.91 Billion in income. Unless they are projecting losses I don't see where the need for layoffs is. It's smells like investor greed. I don't think they hired 12000 people in the last year, so justifying layoffs due to a loss of profit is plain and simple greed.
- Thorrez 4y agoFrom the same report, Google had 156,500 employees on 2021-12-31 and 190,234 employees on 2022-12-31. That's a growth of 33,734. Amount hired would be even higher than that due to people who left during that period.
- newswasboring 4y agoI see your point, and acknowledge my oversight, but I still stand by what I wrote. One downward trajectory point in profits should not prompt a mass layoff. People uproot their lives to come work somewhere. It's not just about money, but I guess nobody wants to admit that companies are made up of humans.