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Googler... ex-Googler

(nerdy.dev)
1114 points namuorg | 2 comments | 11 Apr 25 20:19 UTC | HN request time: 0.408s | source
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kouteiheika ◴[14 Apr 25 08:17 UTC] No.43679174[source]▶
Right, okay, let's look at their most recent SEC filling to see how much money they lost in 2024 to justify layoffs... right, they made 350 billion in revenue (the highest ever in their history from what I can see) with a 100 billion in net income. Yep, this checks out, they definitely need to lay off people, can't afford them.
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slivym ◴[14 Apr 25 12:50 UTC] No.43680729[source]▶
They're not a charity. What do you want them to do? Hire $100Bn worth of engineers until their net income is 0? The possibly difficult truth at Google is that there's probably <1% of the company that is really essential to their monopolistic search business. The rest are either working on other projects which might be strategically interesting but not essential, or are working on the core product but not in a way that's driving business. Is it wrong for the management to say "We need to be efficiently investing shareholder capital" or for the market to be looking at Google and saying "We want your money spinning monopoly business please, not your eccentric other bets thanks".
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1. snsjsjsjdj ◴[14 Apr 25 14:31 UTC] No.43681740[source]▶
> Is it wrong for the management to say "We need to be efficiently investing shareholder capital" or for the market to be looking at Google and saying "We want your money spinning monopoly business please, not your eccentric other bets thanks".

On some level yes. With the massive disparity in who owns the markets, your argument is basically “Is google doing a good job of making the rich richer?”. Hiring H1Bs and offshoring while firing American labor is not a good look.

Why keep a company like that around?

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2. int_19h ◴[15 Apr 25 02:25 UTC] No.43688452[source]▶
Now take it one step further. Google and other large megacorps are merely the inevitable outcome of capitalism running to its logical conclusion. So the real argumenmt is, “Is capitalism doing a good job of making the rich richer?”, and the obvious question for the rest of us then is, why keep an economic system like that around?