3min chapter

Bloomberg Businessweek cover image

Google to Cut 12,000 Jobs in 6% Slash to Workforce

Bloomberg Businessweek

CHAPTER

Introduction

Bloomberg Intelligence Senior Technology Analyst Mandeeam Singh is with us via Zoom in New Jersey. Shares at Google hire by 4.6% right now, nothing like JobCuts to send a stock rallying. The fact that they're announcing a layoff ahead of the earnings begs the question about whether these businesses are still viable from a fundamental perspective.

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