[OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram)Some-Imagination9782 t1_j7g9qm5 wrote
Reply to comment by davispw in [OC] How Google makes money (its 2022 income statement visualized as a Sankey diagram) by IncomeStatementGuy
Yeah no wonder they had layoffs.
davispw t1_j7gbzzg wrote
I mean, this is the “wall street” answer. Could they have burned some of the $0.1T cash on hand to ride out the dip in the economy? Why did they hire so much, and continue to hire even after it was clear things were slowing down in 2022? Why wouldn’t a hiring freeze + attrition and internal transfers have been enough?
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