Of all the FAANGs Alphabet is the most mismanaged now. He either needs to wake up or go the way of Steve Ballmer. The unfortunate disease is that some share holders only care about continued short term profits.
2022 Net Income - $60B
Yes, Google's revenue and income growth rates aren't stratospheric like they used to be. It seems to have more competition for core products than in the past. But like, it makes an absolute shitload of money.
And keep in mind, google's winning strategy has been to overhire and drain the talent pool from its competition. Laying off people to follow a trend is utter incompetence when those people are your ultimate winning strategy.