Google spent billions of {dollars} to put folks off

Google logo and black swirls
Illustration: The Verge

Google spent $2.1 billion on severance and different bills because it laid off greater than 12,000 staff over the course of 2023. And the layoff expenses preserve coming: in simply the one month of 2024 thus far, the corporate has already spent $700 million on worker severance expenses as a part of layoffs concentrating on one other 1,000-plus roles. Alphabet, Google’s mother or father firm, revealed the determine alongside its fourth-quarter earnings launch on Tuesday.

Regardless of the cuts, Google ended 2023 with progress throughout most of its core enterprise strains. Google posted $86 billion in income for the fourth quarter of 2023, a 13 p.c enhance 12 months over 12 months. The search big’s core digital adverts and cloud computing companies additionally confirmed regular progress, which CEO Sundar…

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