Hired 10,000 people in Q2 this year alone? What percentage of those people actually do anything of value besides cash the company’s checks? That’s actually staggering to me. Cloud division I can see growing. What else?
A lot of very smart people have also looked at the growth prospects of cloud and urged more investment, but I am not sure if their claims have panned out. The reality is that after a decade of heavy investment Google Cloud is still a distance 3rd. To make matters worse, the Cloud division's growth is mostly on the cost side of the balance sheet. GCP has a larger more expensive staff than its two leading competitors and a very unfavorable cost structure on a unit basis. (Perhaps this problem is a consequence of people advocating for more investment in Cloud). Given that Cloud a much bigger cost center than Search and somehow grows more year over year I would actually think that Cloud is what ultimately destroys the company.
Google pretty much has to make Cloud work eventually or they're toast. (Or at least a much shrunken and less relevant company that certainly needs a fraction of their current engineering staff.)
Does that figure include interns and other temporary workers? If so, it’s easy to see how Google could hire 10,000 of those without growing the full time staff.
blululu|3 years ago
ghaff|3 years ago
monkey_monkey|3 years ago
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kyrra|3 years ago
https://www.statista.com/statistics/273744/number-of-full-ti...
clintonb|3 years ago
Symbiote|3 years ago
Paying by credit card or an electronic transfer presumably doesn't need an office of people shuffling paper around.
(I haven't used a cheque since about 2010, and I've never seen them used between businesses.)
chongli|3 years ago
unknown|3 years ago
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id|3 years ago
ChrisAntaki|3 years ago
timomax2|3 years ago