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Re:Tech Layoffs Are Feeding a New Startup Surge by andsoitis on Friday February 24, 2023 @01:39AM (#34921596)
> by short-term financial metrics rather than long-term ones. A hiring freeze wouldn't have as dramatic an impact on next quarter's earnings.

In the most recent quarter, Google’s profit was down 34% and it was the fourth consecutive quarter with decrease in profits. How many quarters do you think they should wait out before trying to stem the tide of costs outpacing revenues?

https://www.nytimes.com/2023/02/02/technology/alphabet-earni...

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