Google plans to reorganize its ad sales unit, affecting approximately 30,000 employees.
The reorganization aims to consolidate staff and may involve layoffs. Google is increasingly relying on machine-learning techniques for ad sales on its platforms.
In January, Alphabet announced plans to cut 12,000 jobs globally. Google previously laid off employees at mapping app Waze in June.
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Amidst massive profits btw
$59.972 billion net income for 2022.
But remember, it's adblock on Youtube that's the problem 🙄
How are they supposed to make the unimaginably big number go up ever faster if they're not taking all they can from everyone at once?
It's an optimization problem. Their fiduciary responsibility and raison d'etre is to solve it.
It is absolutely ridiculous. If it's well-earned, sure, a hefty profit is fine. But profits cannot be ever-growing infinitely, that's just not possible. Our economies are in for a shakeup, that's for sure.
IIRC, most Google stock doesn't net dividends. People (mostly the 6 companies who actually are the stock market) are only buying it to speculate.
As is tradition. So Lumberg's stock will go up a quarter of a point.
:o