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Why the huge jump from $83M to $1666M in "unallocated corporate costs"? The footnote says only $1M of that was hedging losses.
by resolutebat 3y ago
Why the huge jump from $83M to $1666M in "unallocated corporate costs"? The footnote says only $1M of that was hedging losses.
- mattlondon 3y agoRedundancy payouts?
- gniv 3y agoRead further down, under "Reductions in Our Workforce and Office Space" Edit: That’s only a small part indeed.
- resolutebat 3y agoThis totals only ~$310M for Q3: Employee severance and related charges: $86 million Real estate exit charges: $16 million Accelerated rent and accelerated depreciation: $207 million Looks like Google Brain/Deepmind accounts for most of the remaining $1B-plus.
- y04nn 3y agoIt's explained the paragraph above. > As announced on April 20, 2023, we brought together part of Google Research (the Brain team) and DeepMind to significantly accelerate our progress in artificial intelligence (AI). The group, called Google DeepMind, is reported within Alphabet's unallocated corporate costs prospectively beginning in the second quarter of 2023. Previously, the Brain team was included within Google Services.
- lancewiggs 3y ago"As announced on April 20, 2023, we brought together part of Google Research (the Brain team) and DeepMind to significantly accelerate our progress in artificial intelligence (AI). The group, called Google DeepMind, is reported within Alphabet's unallocated corporate costs prospectively beginning in the second quarter of 2023. Previously, the Brain team was included within Google Services."
- jsnell 3y agoThat's not it, the 2022 segment numbers have been recast to account for that reporting change. Most of the difference seems to be explained in the "Reductions in Our Workforce and Office Space" section ($870M) and a reduction in hedging gains ($639M).