Re:Tell HN: Google-Wide Layoffs
by sinuhe69 on Thursday January 11, 2024 @05:00AM
(#38950101)
Their revenue growth is still good. Stock price increased. We are in a bad economy for one or two more years, but it already started a year ago. So what could the the reason for this time mass layoff? Section 174?
[ Parent
| on HN ]
bad economy? the economy is shit for tech, everywhere else, it's booming. there is a shortage of labor in education, hospitals, government, hospitality, retail
the reason it's shit for tech is the greed of wall street. they want more short term gains
> the economy is shit for tech
Even this is overstating it. It's shit for some segments of the tech sector, but in other segments it's going gangbusters. On the whole, it doesn't seem unusually good or bad.
Re:Tell HN: Google-Wide Layoffs
by ssundarraj on Thursday January 11, 2024 @11:49AM
(#38954777)
Unlikely to be section 174
> Google: the tax change was minimal, because Google was voluntarily amortizing software development expenses for most staff, already. This was for all projects that reached “technological feasibility,” which is a milestone products pass before public release.