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A comment on Google Announces 12K Layoffs: A difficult decision to set us up for the future. Parent comment

Re:Google Announces 12K Layoffs: A difficult decision to set... by bko on Friday January 20, 2023 @08:25AM (#34452792)
Googles revenue grew 41% in 2021, which is higher than normal. But not crazy. It was not about future projections or anything real. It was about cheap money and asset inflation. I don't know the exact mechanisms but I'm not convinced that it was about projections and now a letdown. Revenue is falling sure but it's still growing incredibly fast for such a large company

2022 (TTM) $282.11 B 9.5%

2021 $257.63 B 41.15%

2020 $182.52 B 12.77%

2019 $161.85 B 18.3%

2018 $136.81 B 23.42%

2017 $110.85 B 22.8%

2016 $90.27 B 20.38%

https://companiesmarketcap.com/alphabet-google/revenue/

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Re:Google Announces 12K Layoffs: A difficult decision to set... by avrionov on Friday January 20, 2023 @09:29AM (#34453614)
"Revenue is falling sure"

Your numbers show that the revenue is increasing, but the growth is slower, which is very different than the revenue is falling.

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Re:Google Announces 12K Layoffs: A difficult decision to set... by maigret on Friday January 20, 2023 @10:32AM (#34454425)
The classic error.
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