Thu. 01/18 – Google: The Layoffs Will Continue Until Strategy Improves
Tech Brew Ride Home
Amalgamated Internets, LLC
4.7 • 1K Ratings
🗓️ 18 January 2024
⏱️ 19 minutes
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| 0:00.0 | Welcome to the Tech Beam Right home for Thursday, January 18th, |
| 0:07.2 | 24. I'm Brian McCullough today. |
| 0:08.9 | Google signals more layoffs are in the mail, |
| 0:10.9 | but what's interesting is what that says about Google specifically |
| 0:14.7 | Reddit is probably going to IPO in a few months how did tying itself to chat gepity |
| 0:19.7 | work out for bing why is Netflix not on the Vision Pro and the fun parlor game that suggests |
| 0:24.8 | AI spam is a human centipede situation. |
| 0:28.1 | Here's what you miss today in the world of tech. |
| 0:29.8 | Looks like the layoffs are going to continue a pace at Google. This is not so much a case of business stress, so much as business reorg. They've got to reposition themselves to deal with the existential |
| 0:44.8 | AI threat so maybe that is a business stress I suppose anyway on top of the |
| 0:49.9 | thousand job cuts they've made this month. A new memo suggests there are more to come. |
| 0:55.2 | We have ambitious goals and we'll be investing in our big priorities this year. |
| 0:58.9 | Pachai wrote in an internal memo that was shared with Alex Heath. The reality is that to create the capacity for this |
| 1:04.8 | investment we have to make tough choices." End quote. Note where the cuts have come so far, |
| 1:09.7 | the Pixel and Hardware Division ad sales search shopping. |
| 1:13.5 | This is, as I said, giving a sense of a fundamental structural realignment. |
| 1:17.3 | So this is, I would say, not like those other tech layoffs we've seen this month. |
| 1:21.4 | This is not, we're running out of VC money or |
| 1:23.5 | we over hired or responding to bad macroeconomic conditions. This is |
| 1:27.8 | realigning the company toward a new strategic aim. These role |
| 1:31.2 | eliminations are not at the scale of last year's reductions and will not touch every team, Pichai wrote. |
| 1:37.0 | Google, by the way, cut a full 12,000 jobs a year ago. |
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