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Google confirms it just laid off around a thousand employees
(www.theverge.com)
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this post was submitted on 11 Jan 2024
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The people losing their jobs are just workers with bills to pay and loved ones to take care of. No billionaires got laid off.
Yes buy layoffs at Google means something went wrong. They screwed up somewhere.
How is the result good news?
Google is dying. That's the good news.
Google is intentionally shedding staff to reduce costs to increase their share price. I don't think they're actually having any kind of financial issues that would cause this. This is just a company chasing profit at the cost of their staff.