Re:Nearly 25,000 tech workers were laid off in the first wee...
by thenanyu on Sunday January 28, 2024 @12:37PM
(#39167886)
Google is a massive company. There are some incredibly unprofitable departments that have a negative impact per employee.
When cutting back at that scale itβs never performance based on an individual level. Its performance based as a business unit.
Re:Nearly 25,000 tech workers were laid off in the first wee...
by lesuorac on Sunday January 28, 2024 @02:34PM
(#39169019)
Well; I think you're going to have a great deal of trouble showing that the 6% layoff in 2023 was targeted to "incredibly unprofitable departments" considering basically every department had fired employees.
But also Google then spent like 8 months of salary per fired employee (severance & etc). Surely it's cheaper to figure out how to move the employee from the unnamed "incredibly unprofitable department" to a profitable department. Like Google had 186,779 employees end of 2022 Q3 which drops down to 182,381 in 2023 Q3.
---
To get back onto the article, it does make the claim of "tech company workforces have largely returned to pre-pandemic levels".
Google's 2019 revenue was 161.85; it's 2022 revenue was 282.83. Some of these companies legitimately just grew a lot during covid (and probably would've grown anyways).
Of course some companies like Twitter were hemorrhaging money; but if your revenue per employee is in the millions it's a pretty good question of why are you firing anybody.