How big are the balls of Google to lay off thousands and then do 70 BILLION in stock buyback?
Meta still wins in the department of not laying off people only to offshore them.
Isn’t their primary responsibility to their shareholders?
Very nearly every large company regularly does huge buybacks and regularly lays people off. Certainly true among every big tech company. That is why all the Gen Z kids want government jobs.
True but Google always pretended to not be a traditional company. Now with layoffs, stock buybacks, and dividends it’s clear that the leadership has run out of innovative engineering ideas to boost the stock and falling back to more traditional ways of doing it like other large companies.
Gen Z kids all want gov jobs?
Company gets the to do this the day they go public
Doesn't need balls. Is it illegal? If not then a business does what a business does. Your opinion means nothing.
Companies use buybacks to pay our stock-based compensation, so your ranting against the practice means your ranting at something good for you.
Layoffs save money, buybacks transfer that money to shareholders. It's not a contradiction.
Nothing compares to uncle Jeff’s psycho balls and the perpetual 6% layoffs for the last 20 years
Google's old motto: "Don't be evil." Google's new motto: "Greed is good."
Probably a little smaller than Meta that laid off 10,000 last year and went on to announce a $40B buy back. These are American corporations - Polished on their faces and extremely insensitive on the inside. Don't expect anything from them other than a paycheck and don't give them anything more than your 9-5. We're all just numbers.
Sociopaths