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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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.