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Alphabet:Quarterly Results/2022 Q4: Difference between revisions
Alphabet:Quarterly Results/2022 Q4 (view source)
Revision as of 20:24, 25 January 2023
, 25 January 2023→Developments during Quarter
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=== Continue cost cutting mesuares === | === Continue cost cutting mesuares === | ||
This is hinting a potential additional | This is hinting a potential additional pressure on to margins in the future, Pichai words "If you don’t act clearly and decisively and early, we can compound the problem and make it much worse, these are decisions I needed to make.” | ||
* Google to Cut 12,000 Jobs in 6% Reduction of Global Workforce.<ref>https://www.bloomberg.com/news/articles/2023-01-20/google-cutting-12-000-jobs-in-6-slash-to-global-workforce</ref> | * Google to Cut 12,000 Jobs in 6% Reduction of Global Workforce.<ref>https://www.bloomberg.com/news/articles/2023-01-20/google-cutting-12-000-jobs-in-6-slash-to-global-workforce</ref> | ||
* Alphabet unit Verily to lay off 15% of staff.<ref>https://seekingalpha.com/news/3924082-alphabet-unit-verily-to-lay-off-15-of-staff</ref> | * Alphabet unit Verily to lay off 15% of staff.<ref>https://seekingalpha.com/news/3924082-alphabet-unit-verily-to-lay-off-15-of-staff</ref> | ||
* Teams that work on its mapping application Waze and other navigation software such as Google Maps would combine, as the company looks to become "20% more productive."<ref>https://seekingalpha.com/news/3915228-google-to-join-teams-working-on-waze-google-maps-to-consolidate-processes</ref> | * Teams that work on its mapping application Waze and other navigation software such as Google Maps would combine, as the company looks to become "20% more productive."<ref>https://seekingalpha.com/news/3915228-google-to-join-teams-working-on-waze-google-maps-to-consolidate-processes</ref> | ||
=== Competition === | |||
The biggest concern from competition this quarter is coming from ChatGPT launch, especially with Microsoft's investment on the AI. According to a report by The New York Times, Google's management has issued a "code red" following the launch of ChatGPT.<ref>https://www.investing.com/news/stock-market-news/alphabets-google-issues-code-red-following-chatgpt-launch-432SI-2969837</ref> Since then they have been some developments | |||
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== References == | == References == | ||
<references /> | <references /> | ||