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A different Google layoff story 01/11/24

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 11 January 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

The tech layoffs just keep coming. The latest: Google cutting hundreds of jobs in its engineering, product and hardware divisions. How the future of Google is making itself felt within Google.

Transcript

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0:00.0

The latest Google cutting hundreds of jobs and its engineering product and hardware divisions,

0:07.0

how the future of Google is making itself felt within Google. It's Thursday, January 11th.

0:15.0

Welcome to the Tech Check Podcast.

0:18.0

I'm Deerejebosa with Mark Gilbert.

0:20.0

Gilbert, happy Bitcoin E.

0:22.0

E. It finallyF. Day.

0:23.0

It finally came.

0:24.0

Yeah, you've been, have you been accessing your 401k today sort of putting, going all in now?

0:28.0

No, but let me tell you a few years ago, I put my kids Christmas money into Bitcoin and that's looking looking up

0:37.3

Depending on how many years ago. Yeah that that could be really looking up

0:41.6

Yeah, it's certainly looking up today and I mean it is exciting we're going to spend some more time

0:46.0

talking about this particularly next week we're thinking about doing it for our

0:50.1

weekly deep dive but this is really the launch of a new asset class. It's very exciting and it's

0:56.9

kind of like a new era too at CNBC, right? For so long we talked about it, but it wasn't

1:01.6

totally legitimized. feels like you know that

1:04.5

moment is here and back up to you know about 47,000 so the price also

1:09.3

sort of supports the the narrative shift but today today we have a different story another layoff story in

1:16.0

technology Google confirming it is doing another round of layoffs the company did some of

1:21.6

this yes in 2023 about 12,000 jobs that they cut, but nowhere

1:26.6

near the level of a meta or even an Amazon, which cut a lot deeper.

1:31.6

And so now we're seeing, I don don't know I guess I'd call it some continued cost cuts.

1:37.2

Right which doesn't feel that novel because we've been talking about cost cuts about layoffs for more than a year now, right, as these companies get

...

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