Google recently acquired phiar which is an AR company that assists in navigation. What do you all think of acquisition spending while having a hiring freeze and potential layoffs? Maybe it’s for the benefit of the company vs the employee, to add new ideas while trimming the fat. #google
What? A business doing business things??
They're definitely taking advantage of the economy to get sweeter deals than they would have when VC money flowed in like water and valuations were sky high
Not just Google, every big tech will be doing acquihires on the cheap while laying off the fat in unwanted divisions now through next year.
That likely was in play for months or years. Acquisition negotiations take a long time so it's apples and oranges
Is Phiar good? The whole team seems pretty young. Is it acquihire?
I don’t think Google in general is in a hiring freeze. I have an interview scheduled with them in couple of weeks.
Are you fucking stupid or what? Paying for employees (Opex) vs. making acquisitions are totally different things. How do these buffoons get employed?
Of course. Literally all of Google’s best products after Search have all been the result of acquisitions. That acquisition team is doing their job very well. It makes complete sense, if I were Google I’d divert all of the research and innovation money on acquisitions and then only if it does well then hire the Leetcode monkeys to maintain it and scale it up to the planet-scale.
Google has been very bad at home grown innovation of ground up products with the exception of search. Maps and YouTube were acquisitions. Google has a better track record for acquiring companies and integrating them
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Pretty standard play. Can bring in the proven tech for a little extra $$$ without having to spend all the payroll on the 99 failed attempts in the meantime