Why there is a question mark
That's crazy growth rate for an old established company
IMHO, the layoffs were inevitable. The things I have an issue with are: the Empire building when there wasn't work for people to do and the manner of the layoff.
+27% FTE, god knows how many contractors. 33.5k new FTEs and that’s how you can tell, the layoffs were far from enough. Revenue barely moved YoY.
Barely moved? They added revenue that dwarfs CK’s revenue 😂🤣
They moved the needle for a large company…. just not to the same extend as FTE.
From where you got that figures?
Their financial statement probably… looks like a screenshot from the 10K
Please learn the math. 76,048 > 75,325 Therefore it is NOW a decline
Only propped up by “hedging gains” which have nothing to do with the main business. Ads, Youtube and Cloud are the main Google business.
It's not much though
And Google’s search revenue is declining. Irresponsible growth
Well think about it from the CEO/board’s perspective and answer this question: You are facing stagnating revenue in an “easy money” environment that appears could remain easy for the next few years. What would you do? 1. [Value play] Cut costs and prepare to be valued as a no-growth company with low P/E? Or 2. [Growth play] Spend aggressively on product development to find new revenue streams or grow smaller business areas? I think most sane CEOs would choose option 2. That strategy necessarily leads to layoffs when the Fed tightens. So, the CEO probably saw this coming. Question is.. did you?
Agree
Ok that is insane.
How do these top tech companies have some incompetent finance teams
Because they only invest in their tech and stonks