> Alphabet: 34% decline in revenue. Fourth consecutive quarter of declining revenues.
That does not sound factual at all. Where did you picked that up? According to Variety, Alphabet's revenue on Q4 2022 was $76.05 billion and up 1% in spite of a 8% ad revenue drop.
Still, regarding profit, I'm not sure that firing people in profitable companies effectively contributes to higher profits. Sure, you pay fewer salaries. However, that comes at a cost, such as supposedly cutting programs the company deemed valuable and eroding the company's ability to conduct their business.
Also, it seems Google's reaction to drops in profit was to fire 6% of their staff. Does that even register in Google's accounting? I mean, payroll is typically 20-30% of a healthy company's expenditure.
And would a hiring freeze not reach the same goal without causing any disruption? I mean, apparently Google is still hiring and has a large volume of job openings. If the amount of people in their payroll is too much as is then why are they hiring even more?
