> there was little economical need for Google to have any layoffs
There is. These large tech companies were growing headcount at 20-30%/year, maybe even more at peak. And their revenue is now flat. If you are growing headcount 20% year and revenue isn't going up, what does that indicate?
The purpose of a company is to sell things that people want, not provide welfare for the well-educated (Google is one of the worst for this, they are still massively, massively, massively overstaffed but the dual share class has insulated them...they are basically a bureaucracy attached to a monopoly...btw, almost every monopoly I have seen in the wild ends up this way, execs always go native).
There is. These large tech companies were growing headcount at 20-30%/year, maybe even more at peak. And their revenue is now flat. If you are growing headcount 20% year and revenue isn't going up, what does that indicate?
The purpose of a company is to sell things that people want, not provide welfare for the well-educated (Google is one of the worst for this, they are still massively, massively, massively overstaffed but the dual share class has insulated them...they are basically a bureaucracy attached to a monopoly...btw, almost every monopoly I have seen in the wild ends up this way, execs always go native).