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abdabab | 2 years ago
Wrong. Google made 181.69 billion in 2020, 256.74B in 2021 [1] and 283B in 2022 [2]. A 10% YoY increase [2] is better than most of the years they have been public. They possibly made more money in last 2.5 years than all the years they have been public combined.
[1] https://www.statista.com/statistics/266206/googles-annual-gl...
[2] https://www.sec.gov/Archives/edgar/data/1652044/000165204423...
dragonwriter|2 years ago
Pay cuts don’t come with job security. You can get laid off after a pay cut as easily as without one.
Employees prefer not having their pay cut. The ones that are dismissed aren’t employees any more, so from the narrow perspective of the organization dismissing them, their morale doesn’t matter. Pay cuts impact the morale of the people still working more than lay offs do.
Now, where pay cuts – especially explicitly and enforceably temporary ones – come with some real measure of job security as a way of avoiding layoffs, that can be different, but that usually only happens where there is a specific contractual arrangement, usually via a preexisting union and labor-management negotiation (and even there its tricky, especially in the private sector, because firm guarantees are hard.)
bagacrap|2 years ago
The fact that revenues were actually up while profits were down reinforces that Google has let costs spiral out of control.
abdabab|2 years ago