this post was submitted on 09 May 2024
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Well, isn't that a good start?
Anyway, the TLDR "answer" from CFO Porat is "We were spending too much", while Pichai's answer is "We hired too much people". Way to dodge the question, assholes.
So they had around 135k employees in 2020. Why the fuck did you overhire, then? Just to lay off and show off to investors as someone who increased profits in the most asinine way?
Yeah, nevermind me, Sundar Pichai, earning way more money year after year while you're all begging for raises, it's just finances, you guys!
Yeah, the Finance 101 comment was a good indication he doesn't take the concerns seriously, it's such a flippant response.
I can't imagine why there's a morale problem.
“There wouldn’t be a morale problem if our employees weren’t so stupid”
Ah yes, employees are only mad because they don’t understand the finances. Like, no, we’re disgruntled by layoffs no matter what. Layoffs trade morale and productivity for cash
Yeah. Let's let him teach a Finance 101 class.
I'd be interested in the lessons a guy that approved a 40% headcount increase then did layoffs and said "I take full responsibility" can teach anyone.
How's the saying go? Those that can, do. Those that can't, teach.. Go on professor. Schools us. The Investors are listening.