Google is laying off more employees and hiring for their roles outside of the U.S.

Google is laying off more employees and hiring for their roles outside of the U.S.

  • ReallyActuallyFrankenstein@lemmynsfw.comEnglish
    220·
    6 months ago

    The latest cuts come as the company enjoys its fastest growth rate since early 2022, alongside improving profit margins. Last week, Alphabet reported a 15% jump in first-quarter revenue from a year earlier and announced its first-ever dividend and a $70 billion buyback.

    Repulsive.

    • henfredemars@infosec.pubEnglish
      104·
      6 months ago

      So they ditch the people who helped make them successful? What kind of ass-backwards strategy is this?

      • mosiacmango@lemm.eeEnglish
        107·
        6 months ago

        “Juice the next 3 months.”

        Thats it. Thats the whole strategy each exec uses until they leave.

          • Daft_ish@lemmy.worldEnglish
            12·
            6 months ago

            Quick answer this one question.

            You are given a button that upon pressing kills 100,000 people. The button does nothing else.

            Do you press the button?

            • Promethiel@lemmy.worldEnglish
              20·
              6 months ago

              Of course not. Why would I risk limiting our market share that way?

              I demonstrate synergy and the ability to run an agile ship by instead outsourcing development of an app charging 1,000,000,000 people $15 monthly for the privilege of pressing the button and posting that they weren’t it this month.

              Then I press it, because we must make sure our actions align with increasing shareholder value.

              • Daft_ish@lemmy.worldEnglish
                12·
                6 months ago

                Sir, please wait by the door for your hummer limo straight to the upper crust.

              • Daft_ish@lemmy.worldEnglish
                9·
                6 months ago

                Ahh, see you have a conscience. Sorry you’re not billionaire material.

                I would have accepted:

                “Yes, for the mere thrill of it”

                “Yes, they deserve it”

                “Yes”

                “No, that isn’t nearly enough”

                “Yes, it’s my right”

        • sugar_in_your_tea@sh.itjust.worksEnglish
          191·
          6 months ago

          Yup, and that’s why monopolies are bad. Once you get a dominant position, the way to increase profits is by abusing your market position. And publicly traded companies need to increase profits because that’s what shareholders expect.

          In this case, reducing the quality of search means people need to search more often, which means they see more ads. As a double-whammy, if you improve the relevance of the ad results while reducing the relevance of the regular results, you get more click-through on the ads. So Google has little incentive, while it has a dominant position, of having a good search product. They’ll only care again if that dominance gets threatened.

        • Corkyskog@sh.itjust.worksEnglish
          5·
          6 months ago

          I already made this comment on a completely different post, but it’s funny to see it’s fruition. McDonald’s executives bitching that fast food price increases have priced a lot of their low income customers off their menu… like they had no hand in it

      • IllNess@infosec.pubEnglish
        4·
        6 months ago

        Yes. They have let go people that worked there for over 15 years.

        I believe what Mark Zuckerberg said about the tech layoffs, streamlining by getting rid of more management roles.

        • nilloc@discuss.tchncs.deEnglish
          1·
          6 months ago

          I could imagine them letting AI (or offshore workers) manage everything, and keeping the managers around with chatbots reporting in to the managers, so they wouldn’t know they were being replaced.