Show HN: Billionaire Activist Investor calling for more layoffs [pdf]

Re:Show HN: Billionaire Activist Investor calling for more l... by sarchertech on Sunday January 22, 2023 @08:42AM (#34477272)

Why though? It’s not like they need the money in the short term. They have almost $200 billion in cash. For the majority of Google’s departments the need for employees isn’t tied to demand.

Google desperately needs to find another money printer, and ostensibly they staffed up to help them do it. That hasn’t changed, and Google‘s workload won’t drop noticeably in a recession outside of a few departments.

And even in the those departments, they have so much still growing cash on hand, that they’d probably be better off to weather the storm the lay off only to rehire in a year.

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Re:Show HN: Billionaire Activist Investor calling for more l... by riskneutral on Sunday January 22, 2023 @11:30PM (#34485493)

Being the steward of $200 billion is an enormous responsibility. Just because you're sitting on a pile of cash does not mean that you can do stupid things with it and not face immediate consequences by your employers (the shareholders).

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