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https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-income https://www.macrotrends.net/stocks/charts/GOOG/alphabet/net-... Nearly $20B in profit in a q

• oldpersonintx 3y ago
  that's irrelevant they overhired and now they are fixing it, and that profit margin will rise with the reduction in compensation they're firing because they can
  • ldargin 3y ago
    There shouldn't be much controversy over fixing pandemic-era over hiring. But that's just the public-facing rationale. Betting more heavily on AI tech might be the real reason.
    • asadotzler 3y ago
      You should fix overhiring by firing the people that overhired. That never happens though because there's no accountability in leadership in any major tech company.
  • asadotzler 3y ago
    Overhiring should be punished. But it isn't. A shitty CEO can tell his company to overhire and then when that becomes a problem, he can tell his company to do layoffs and never pay a price.
• noname120 3y ago
  Maybe he's just optimizing the short-term stock market value so he can sell all his shares.
  • lupire 3y ago
    He has rolling multi year vests and annual trading plans.
• Matticus_Rex 3y ago
  Profit doesn't mean you invested in hiring for the right things in the right departments, especially with as much shift in the overall market as we've seen in the last year.
  • lupire 3y ago
    Neither does random layoffs. Nor does sitting on thumbs for years and missing the AI revolution, right after inventing it.
    • candiodari 3y ago
      Random, or any kind of large-scale layoffs make everyone in the company each other's enemy. It destroys cooperation to the point that most people actively start trying to sabotage each other (because climbing the ladder is no longer the primary concern: you must make sure there's people above you on the firing list)