Re:Google Announces 12K Layoffs: A difficult decision to set...
by hn_throwaway_99 on Friday January 20, 2023 @01:40PM
(#34457660)
> IBM is also doing well by that metric and if you check, GE isn't doing too bad either¹.
Literally, what are you talking about? IBM and GE have both been shrinking for YEARS now. Even the graph you linked above shows GE's stock where it was in 1997. Just compare either GE or IBM to https://www.google.com/finance/quote/MSFT:NASDAQ?window=MAX
IBM is also doing well by that metric and if you check, GE isn't doing too bad either¹.
Every incumbent will be replaced eventually². What really matters if these companies are at the forefront and driving innovation or not. Google at one point was at such place and so were IBM, Sun etc. Google has become a shadow of it's past and has become a place to pump up the promo packet and kill products loved by users.
1: https://www.google.com/finance/quote/GE:NYSE?window=MAX
2: https://www.paulgraham.com/microsoft.html