Engineering and Assistant teams were impacted too

But there may be more, and it’s possible that Google is attempting to spread out the bad news instead of having it hit all at once.

  • Contend6248@feddit.de
    0·
    10 months ago

    “Google parent firm Alphabet employed 182,381 employees as of September 30th, 2023, so roughly a thousand job cuts would only be around half a percent of the company’s total.”

    This is just a normal optimizations, and holy fuck are they huge.

    During the pandemic everyone was over-hiring, it doesn’t exactly tell you what you’ve wrote, but you are right as a whole.

    • megopie@beehaw.org
      0·
      10 months ago

      I think this is likely the first in a lot more cuts to come. Google probably does not want to do it all at once though, potentially because that would be a huge red flag for the whole industry and hurt the confidence of investors in the industry as a whole.

      Given that Google makes most of their money by selling services to other parts of the industry, and a lot of the industry runs solely on the confidence of investors, doing a bunch of big cuts all at once would harm them. But they do need to cut back a lot more long term, because investor money is drying up to feed the companies that buy services from Google.