What About Google Cloud?
The question underlying the layoffs at Amazon and Microsoft, until Friday, was how soon Google might follow suit. It didn’t take long.
The tech giant indeed announced a restructuring that will slash 6% of its workforce, or 12,000 employees. We don’t know yet how much of an impact that will have on Google Cloud. The move wasn’t unexpected, as the search behemoth had previously indicated a plan was in the works to push out thousands of “underperforming” workers. The analysts at Seeking Alpha predicted that reducing headcount could give Google “low-hanging fruit” to preserve and expand its profit margins.
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