Google’s profitability came down as well. This affects the stock price, this in turn affects employees (not just hedge funds are invested in the stock, employees get a lot of their salary that way)
This creates a pressure on Google to try and raise their profitability, and one way to do that is cut on areas where it seems wasteful.
The letter mentioned above is just a trailing sign of this in my opinion.
This creates a pressure on Google to try and raise their profitability, and one way to do that is cut on areas where it seems wasteful.
The letter mentioned above is just a trailing sign of this in my opinion.