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Google confirms it just laid off around a thousand employees (www.theverge.com)

submitted 9 months ago by [email protected] to c/[email protected]

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But there may be more, and it’s possible that Google is attempting to spread out the bad news instead of having it hit all at once.

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[–] [email protected] 8 points 9 months ago (1 children)

Yep. A lot of these tech companies that have run in the red for years are now being called on to produce a profit and pay the big backers.

[–] [email protected] 9 points 9 months ago

The funny thing is, that most of the one who do make a profit, do so by selling goods and services to those not making a profit, and if all the unprofitable ones disappeared the “profitable” ones would suddenly be unprofitable as well.