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Per The Goal, these sorts of broad untargeted cost-cutting measures usually hit revenue as hard as they do costs, I do wonder if Sundar’s “we're heading for a d
by crdrost 4y ago
Per The Goal, these sorts of broad untargeted cost-cutting measures usually hit revenue as hard as they do costs, I do wonder if Sundar’s “we're heading for a different economic reality” doom mindset will become a self-fulfilling prophecy... At Google that looks like "oh we lost our gov't contacts because we couldn't meet the new software build-chain rules in time because we were understaffed and trying to bet more people on Bard... now we have to lay off more people" and so on.
But they are definitely so flush with cash that any prediction of a doom spiral of every increasing cost-cutting measures would be way way premature.
- octacat 4y agoThey at least lost some money from ads from new possible products, if everything is doom and gloom. But these cost-cutting measures are just to be in the news and protect the price of their stocks (look, we are decreasing our costs). Because otherwise in the news it would be "look, people don't care about online products like it was 2020, so stocks should go down a bit".