this post was submitted on 20 Dec 2023
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83
Google plans to reorganize its ad sales unit, affecting approximately 30,000 employees. (lemmy.org)
submitted 9 months ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
 

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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[โ€“] [email protected] 52 points 9 months ago (2 children)

Amidst massive profits btw

[โ€“] [email protected] 52 points 9 months ago* (last edited 9 months ago) (2 children)

$59.972 billion net income for 2022.

But remember, it's adblock on Youtube that's the problem ๐Ÿ™„

[โ€“] [email protected] 12 points 9 months ago* (last edited 9 months ago)

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.

[โ€“] [email protected] 9 points 9 months ago (1 children)

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.

[โ€“] [email protected] 1 points 9 months ago

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.

[โ€“] [email protected] 26 points 9 months ago (1 children)

As is tradition. So Lumberg's stock will go up a quarter of a point.