Approximately 12,000 employees will be let go by Google as part of the future-proofing measures

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#6095140
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Yep and i already posted in the M$ thread that there's a lot of companies that are going to lay off staff and that a big recession in almost guarnteed in 2023.
#6095145
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I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
#6095150
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Gentleman we are entering a world wide big recession and things are just starting to go sour , it will get really bad going forward , it's not only Google , Microsoft , Meta and Twitter who are affected, we all are as well.
#6095162
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Reddoguk:

Yep and i already posted in the M$ thread that there's a lot of companies that are going to lay off staff and that a big recession in almost guarnteed in 2023.
chispy:

Gentleman we are entering a world wide big recession and things are just starting to go sour , it will get really bad going forward , it's not only Google , Microsoft , Meta and Twitter who are affected, we all are as well.
The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business. Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
#6095171
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SamuelL421:

The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business. Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Anyone who doubts this, feel free to look up employee counts for the various companies over time. Laying off double this number wouldn't even reduce them to the employee counts they had at the beginning of 2022.
#6095172
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Moderator
Dimitrios1983:

I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
No politics please.
#6095180
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I am surprised the present cost of living crisis has taken so long to hit some companies, as i can tell you here is Glasgow it is closing shops left, right and centre, everywhere i look another shop has closed, and with utility bills about to rise again here in the Uk in 12 weeks, i don't see a end to this anytime soon as the high cost of utility prices are the main cause of all this.
#6095185
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Dimitrios1983:

I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
If you dont know the answer to your own question then you honestly need to look at the world outside of your own countries borders. Was it a massive headline when Google took on all those people, doubtful but it scores the media points when they plaster these headlines and the joe public suck them up. All of these tech companies expanded exponentially quickly, if you didnt know it would at some point implode then you were probably the kind of person who mortgaged their house for Bitcoin and hung on it there until the end.
#6095211
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SamuelL421:

The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business. Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Exactly, it was crazy how many they hired during that time. This was 100% to be expected. Just like all these tech companies' Stock Worth. Unrealistic values, now unrealistic values have gone into AI / Pattern Learning.
#6095221
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Dimitrios1983:

I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
it's not about money (both MS and Google would not have issues on not firing those people), it's about shareholders. welcome to capitalism.
#6095227
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As Alphabet, the company employs a total of almost 135 thousand full-time staff, in addition to many other temporary and internship positions. Dec 2, 2022 135,000 - 12,000 = 123,000 sometimes you just got to weed out the slackers.
#6095230
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Airbud:

As Alphabet, the company employs a total of almost 135 thousand full-time staff, in addition to many other temporary and internship positions. Dec 2, 2022 135,000 - 12,000 = 123,000 sometimes you just got to weed out the slackers.
Google Stadia was also just permanently shut down, I wonder how many from that is included.
#6095234
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KissSh0t:

Google Stadia was also just permanently shut down, I wonder how many from that is included.
They are not included, the 12000 are added to it.
#6095237
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Airbud:

As Alphabet, the company employs a total of almost 135 thousand full-time staff, in addition to many other temporary and internship positions. Dec 2, 2022 135,000 - 12,000 = 123,000 sometimes you just got to weed out the slackers.
It's not the number over the whole people in the company that is important, but that they all reduce people on those that gain the most... It mean a worldwide problem with GAFAM+, it's historicaly the 1st time for them.
#6095253
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rl66:

They are not included, the 12000 are added to it.
True^
#6095255
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rl66:

It's not the number over the whole people in the company that is important, but that they all reduce people on those that gain the most... It mean a worldwide problem with GAFAM+, it's historicaly the 1st time for them.
True again.^
#6095256
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everybody's right with their opinion!....Grrrr! I need somebody wrong so I can b**** about something! :p Love y'all....
#6095260
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SamuelL421:

The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business. Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Thanks I will let my bro in law, who just got laid off from his job, know it was just a misunderstanding. Also the media has literally layers and layers of fact checkers and are trained in journalism by the best schools in the world. I will be sure to forward them your post that this is all hype. Also the reports of record credit card defaults by discover are also fake. So whew! In my own ignorant observation, I was just going by food, gas, housing, borrowing costs, etc. So basically everything but TV's and jewelry and , can't just triple in price and have no effect. My ignorance knows no bounds. Thanks for making that clear.
#6095262
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Alessio1989:

it's not about money (both MS and Google would not have issues on not firing those people), it's about shareholders. welcome to capitalism.
What does this crap from the nexus between international corporation, Wall Street, and government, have to do with me buying groceries from my neighbors farm? One of us needs a new word because these two things are way to different to be using the same word.

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