Counterpoint - why would Google announce layoffs to the WSJ before it even happened? It’s possible that it’s in the works…
I suspect you mean, "at that point", talking about after "the coming months". If you do indeed mean today (at this point), then I'm actually curious why you think forming the opinion now isn't hasty.
The subtleties of this and that sort of elude me, just like these and those.
1. Google did the Waze Maps/Maps merger to appease TCI so they could prevent layoffs
2. The Waze Maps/Maps merger is unrelated to the TCI memo
>In September, Mr. Pichai said he wanted Google to become 20% more productive and indicated the company could merge teams working on overlapping products.
TCI's memo highlights five areas they think need to be adjusted, none of which Alphabet acquiesced to with this restructuring.
TCI
- Sent letter to Alphabet in mid-November
- Holds a mere .5% of Alphabet's market cap
- Asked for headcount reduction
- Asked Alphabet to pay employees less
Alphabet
- Publicly commented in September that they intended to combine overlapping groups
- Combined overlapping groups
- Didn't lay anyone off
That's it. At this point, given your slightly elevated tone in your most recent responses, it's starting to feel as though you began commenting with an axe to grind, and are now left holding an axe but are unsure what you should do with it. Maybe just put it down?The genesis here was me keying off of related phrases within the WSJ piece:
"...Amid Pressure to Cut Costs"
"...faces pressure to streamline operations and cut costs"
Ok, great. So, my question is where is this pressure coming from?
"The activist hedge fund TCI Fund Management called on Alphabet to aggressively cut costs last month, writing in a letter to management that it thought the company’s head count was too high"
This is the WSJ suggesting that there is a link (granted they do not give confidence intervals) between these things. You could argue that perhaps WSJ is just poorly suggesting that there is a general "background radiation" of "pressure" related to Google.
So it's not like I'm just fabricating this link :)
But since you asked, the larger point and the particular axe I have to grind (that is permanently attached to my hand) is that investors have more power than the collective google employees do, do not have employee interests in mind at all, and Google management and the board will always align with investors NOT employees.
... so, 16.33% headcount reductions?
You don't have much experience with corporate acquisitions, do you?
The Acquiree CEO always leaves after a year or three, unless Acquirer is a company like Cisco that's really good at it. Why?
Because Acquirer has middle manager drones, who continually complain about the how Acquiree is not "aligning with our strategy." Eventually, Acquiree's CEO gets sick of it and quits.
But you're right - they won't maintain it as a separate app. Because those drones can wear anyone out.
Also I’m very familiar with acquisitions particularly at Google.
Not sure what Google ultimately got out of Zagat rather than maybe a bit of kickstart for restaurant ratings.
Tim Zagat invited us all to visit him if we were in MYC, to get a good restaurant recommendation (and reservation? I'm not sure if he said that).
... I'm not arguing whether or not they intended to keep the apps separate? If you want to know why he left, he's already told you[1].
>Knowing Google, I find it hard to believe that Waze under the Google maps lead will get resources and continue.
Sure. Agreed. That's not what this comment chain was discussing, though. You sure you responded to the right post?
[1]https://www.linkedin.com/pulse/why-did-i-leave-google-stay-s...
The article clearly states that SHE left with no explanation why:
Waze CEO Neha Parikh will exit her role following a transition period
You're referencing an article that is over a year old about a completely different person.
https://www.linkedin.com/pulse/why-did-i-leave-google-stay-s...
>The company has too many employees and the cost per employee is too high.
>Headcount is too high.
>... the business could be operated more effectively with significantly fewer employees.
Yeah, cash-hungry hedge fund calling for layoffs. Got it. Yet here's an excerpt from the WSJ article on this restructuring:
>Google said it planned to maintain Waze as a stand-alone service and didn’t plan to conduct any layoffs as part of the reorganization.