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I just added this comment on another reply further down below, copy-pasting here, the numbers compare last year Q2 to this year Q2, if you compare it to last qu
by samspenc 3y ago
I just added this comment on another reply further down below, copy-pasting here, the numbers compare last year Q2 to this year Q2, if you compare it to last quarter they are actually down in count.
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I thought this was interesting, so I compared it against their count last quarter (instead of last year) and they are indeed down.
- In Q4 2022 [1] they had 190,234 employees.
- In Q1 2023 [2] they had 190,711 employees.
- This quarter Q2, they have 181,798 employees.
So they are down almost 9000 employees from last quarter, close to their 12K layoff number.
[1] https://abc.xyz/assets/c4/d3/fb142c0f4a78a278d96ad5597ad9/2022q4-alphabet-earnings-release.pdf https://abc.xyz/assets/c4/d3/fb142c0f4a78a278d96ad5597ad9/20...
[2] https://abc.xyz/assets/a7/5b/9e5ae0364b12b4c883f3cf748226/goog-exhibit-99-1-q1-2023-19.pdf https://abc.xyz/assets/a7/5b/9e5ae0364b12b4c883f3cf748226/go...
- bsimpson 3y agoThe layoffs aren't finished.
- majormajor 3y agoThis is interesting because it then is such a sharp U-turn since last Q2. "Keep hiring!" -> "Layoffs!" with very little pause in between?
- samspenc 3y agoYeah pretty much all major tech companies did this exact same U-turn.
- majormajor 3y agoYeah, but seeing the sharpness - compared to "ok let's slow down... ok ... shoot, we probably actually need to trim some headcount" - really highlights the follow-the-herd, here's-a-handy-excuse, done-for-PR nature of them vs actually responding to revenue trends or such.