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1114 points namukang | 2 comments | | HN request time: 0.017s | 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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strix_varius ◴[] No.43688072{4}[source]
Twitter generated $5bn in revenue in 2021. Since Musk bought it, it's been on a rapid decline. In 2024 it generated $2.5bn in revenue... 50% of its pre-Musk numbers (46% with inflation)!

Worse, it continues to trend downward.

Most sane tech CEOs would prefer to keep their upward trend and $5+ billion revenue rather than saving $1 billion to lose $2.5 billion and invert their slope.

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1. whall6 ◴[] No.43688268{5}[source]
Remarkably - it’s more profitable now.

Also, most layoffs don’t cause huge cuts to advertising spend on their platform because of personal spite or political reasons. The product for all intents and purposes as an advertiser is the exact same.

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2. strix_varius ◴[] No.43689540[source]
That's just objectively not true.