vyratus t1_j7fugy7 wrote on February 6, 2023 at 2:27 PM

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

Have a few friends at Google, and was recently chatting to a head of EU for a midsize tech company. Consensus is that FAANG type companies are using the market as an excuse to get rid of dead weight, I assume because if they did it when nobody else was it would attract a lot more bad press

andrewrgross t1_j7hgfjd wrote on February 6, 2023 at 8:46 PM

I think you're right that they're acting as a herd to reduce negative exposure, but I don't think they're removing dead weight. I think they're shedding weight, regardless of whether it's dead or not. From what I've read, the goal clearly prioritized reducing the size of the company over specifically removing low performing individuals or projects.