“Do no evil” was abandoned long ago.
Comment on Google lays off hundreds of 'Core' employees, moves some positions to India and Mexico
ReallyActuallyFrankenstein@lemmynsfw.com 5 months ago
The latest cuts come as the company enjoys its fastest growth rate since early 2022, alongside improving profit margins. Last week, Alphabet reported a 15% jump in first-quarter revenue from a year earlier and announced its first-ever dividend and a $70 billion buyback.
Repulsive.
Wrench@lemmy.world 5 months ago
henfredemars@infosec.pub 5 months ago
So they ditch the people who helped make them successful? What kind of ass-backwards strategy is this?
mosiacmango@lemm.ee 5 months ago
“juice the next 3 months.”
Thats it. Thats the whole strategy each exec uses until they leave.
henfredemars@infosec.pub 5 months ago
How can I get one of these jobs? Important detail I’m not rich.
Seems like a low skill job.
Daft_ish@lemmy.world 4 months ago
Quick answer this one question.
You are given a button that upon pressing kills 100,000 people. The button does nothing else.
Do you press the button?
Dinsmore@sh.itjust.works 4 months ago
There’s a recent podcast talking about this if you’re interested - omny.fm/…/the-man-that-destroyed-google-search
TLDR; they fired the guy largely responsible for building google search and replaced him with the guy running google ads.
sugar_in_your_tea@sh.itjust.works 4 months ago
Yup, and that’s why monopolies are bad. Once you get a dominant position, the way to increase profits is by abusing your market position. And publicly traded companies need to increase profits because that’s what shareholders expect.
In this case, reducing the quality of search means people need to search more often, which means they see more ads. As a double-whammy, if you improve the relevance of the ad results while reducing the relevance of the regular results, you get more click-through on the ads. So Google has little incentive, while it has a dominant position, of having a good search product. They’ll only care again if that dominance gets threatened.
gravitas_deficiency@sh.itjust.works 4 months ago
It’s called
Late State Capitalism
Corkyskog@sh.itjust.works 4 months ago
I already made this comment on a completely different post, but it’s funny to see it’s fruition. McDonald’s executives bitching that fast food price increases have priced a lot of their low income customers off their menu… like they had no hand in it
IllNess@infosec.pub 4 months ago
Yes. They have let go people that worked there for over 15 years.
I believe what Mark Zuckerberg said about the tech layoffs, streamlining by getting rid of more management roles.
nilloc@discuss.tchncs.de 4 months ago
I could imagine them letting AI (or offshore workers) manage everything, and keeping the managers around with chatbots reporting in to the managers, so they wouldn’t know they were being replaced.