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1114 points namuorg | 1 comments | | HN request time: 0s | source
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kouteiheika ◴[] 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 ◴[] 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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nyarlathotep_ ◴[] No.43681300[source]
This is an important point.

Especially overt the last two (three now?) years, it's become pretty apparent many software jobs are superfluous, even those that are ostensibly "skilled" or "difficult."

I do wonder what the actual "needed" number of technical staff these companies would have in a perfectly "efficient" environment. Let's hope we don't have to find out.

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Workaccount2 ◴[] No.43682570[source]
Twitter was the experiment. Elon showed up and started cutting headcount left and right. People were even encouraged to just walk out. On paper this was supposed to lead to the immanent collapse of it's service.

That didn't happen and instead every other tech CEO started to wonder about the amount of fat in their org.

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nyarlathotep_ ◴[] No.43682770[source]
Yeah I think people understate how large of an impact this had.

My immediate reaction to that was the "jig is up"--I argued with friends that Twitters functionality would remain intact, there'd be no major outages, etc and they couldn't understand how that'd be possible.

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1. stanford_labrat ◴[] No.43683484[source]
i think the total reduction was about 2/3 if memory serves? so 1 in 3 is that number you'd be looking at for "actually useful". heavy air quotes on that.