Google cutting a lot of perks to reduce expense load.
No more new laptops, no muffins on Monday, no staplers etc etc
Translation: AI is hella expensive to run and we don't know how to make money off it.
Oh yeah, Tik Tok is also eating our advertising lunch
#nomuffinmonday
Aawwhh😏
I'm supportive of any cost cutting measures Google implement so that they still have enough money to pay us when we won our Crypto Class Action lawsuit in Australia. I'm already slightly worried that Facebook might have collapsed by then.
“This work is particularly vital because of our recent growth, the challenging economic environment, and our incredible investment opportunities to drive technology forward — particularly in AI,” Porat’s email said.
The macroeconomic climate also gives cover to employers to cut legacy fixed cost with less employee blowback (similar to Covid)
