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davispw t1_j7g0qel wrote

Reply to comment by Some-Imagination9782 in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy

This and related cost increases is the reason cited for layoffs—that costs were increasing faster than revenue.

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Some-Imagination9782 t1_j7g9qm5 wrote

Yeah no wonder they had layoffs.

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davispw t1_j7gbzzg wrote

I mean, this is the “wall street” answer. Could they have burned some of the $0.1T cash on hand to ride out the dip in the economy? Why did they hire so much, and continue to hire even after it was clear things were slowing down in 2022? Why wouldn’t a hiring freeze + attrition and internal transfers have been enough?

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