Connect with us

Hi, what are you looking for?

GainThatFlavour.comGainThatFlavour.com

Tech News

Google spent billions of dollars to lay people off

Google logo and black swirls
Illustration: The Verge

Google spent $2.1 billion on severance and other expenses as it laid off more than 12,000 employees over the course of 2023. And the layoff charges keep coming: in just the one month of 2024 so far, the company has already spent $700 million on employee severance charges as part of layoffs targeting another 1,000-plus roles. Alphabet, Google’s parent company, revealed the figure alongside its fourth-quarter earnings release on Tuesday.

Despite the cuts, Google ended 2023 with growth across most of its core business lines. Google posted $86 billion in revenue for the fourth quarter of 2023, a 13 percent increase year over year. The search giant’s core digital ads and cloud computing businesses also showed steady growth, which CEO Sundar…

Continue reading…

You May Also Like

Editor's Pick

Travis Fisher The Environmental Protection Agency’s (EPA’s) greenhouse gas (GHG) rule for power plants was published in May 2023 and the original comment period...

Tech News

The OnePlus Keyboard 81 Pro shares a lot in common with the Keychron Q1 Pro, rendering it a great alternative when it’s on sale....

Editor's Pick

Colin Grabow The George II is a case study in Jones Act dysfunction. Delivered in December 1980 by a now‐​defunct Louisiana shipyard, the forty‐​three‐​year‐​old containership—long in...

Editor's Pick

Jeffrey A. Singer I wrote here in 2020 and here in 2022, and I warned lawmakers in oral testimony here last March, nitazenes might soon...