527 karma · joined July 4, 2021
- bullshit jobs is a thing and many of these positions were make work anyways
- yes philosophically and economically, who will buy X product if all employees are laid off is a thing
- some of these will be rehired, some will be layed off if the voluntary buyout percentage is not large enough
- opinion: Microsoft as a company is a has been dinosaur, soon to be IBM, its (engineer) salaries were on the lower end and were very PM (Program Manager) heavy
- there is a lot of entrenched bureaucracy and top down mandates at this company.
- i personally use Macbooks/MacOS over Surface/XP, Google Docs over Word, GMail over Outlook, Slack over Teams, Firefox over Edge, etc. their user facing products are severely lacking in user experience.
- from my time in the tech industry/friends I understand their bureaucracy existing for the needs of the bureaucracy. their c-suite/leadership is a bunch of world salad morons
“ In the past year American markets have digested the largest-ever initial public offering (SpaceX), equity raise by a public company (Google) or a foreign firm (sk Hynix), private-funding round (Openai) and private-debt deal (Broadcom), as well as most of the biggest bond issue in history (Amazon). There was the first $1trn exchange-traded fund, or etf (Vanguard), a record-breaking cash pile (Berkshire Hathaway) and stock-buyback programme (Nvidia), and the consummation of the largest-ever leveraged buyout (Electronic Arts). Then there are the enormous mergers in railways (Union Pacific and Norfolk Southern), utilities (NextEra and Dominion Energy) and media (Paramount and Warner Bros Discovery)—the last of which led, this week, to the largest ever junk-bond offering, beating a record set only last week (SoftBank). New markets have been created out of thin air (for compute) or become much bigger (for predictions). Worries about massive corporate scandals (First Brands) and hedge-fund blow-ups (Situational Awareness), which would have once occupied investors’ attention for months, are steamrollered by the relentless, totalising and extraordinarily flexible machine that is American finance.”
>We’ve got amazing talent, world-class compute and products…
Products are third on the list. Google is an incubator for talent first and foremost. Products are an afterthought
Bachelor of Science in Management from University of Minnesota
Marketing role at Microsoft 2011-2013 out of college, standard average college grad role.
---
There are thousands of more intelligent, harder working, better credentialed, better achieving college grads alone at this point.
---
COO of Porch ~2013-2017 - how does one go from a standard marketing role to COO, ok whatever maybe its a smol startup
"After departing Porch, she joined Facebook as VP Product & Engineering for their Messenger and Instagram Direct products."
lmfao - more credence to the fact that most "Product" roles are leeches. VP Product and Engineering at Meta is absolutely crazy at this point in anyones career.
Management Degree -> Marketing Role -> COO of startup (lolwut) -> VP Product/Eng at Meta (cough nepotism? cough)
---
COO of Instacart in 2021 LMAO
President of Core AI at Microsoft in February 2024 LMAO
insert "i have no technical ability whatsoever"
Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.
One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.
It's now down 23% over the past 12 months, and the stock is now the same price as Sept 2024
Noteworthy stats: EPS $6.18, missing the consensus expectation of roughly $7.14 due to heavy costs.
One-Time Charges: Impacted by a $2.4 billion charge for legal proceedings and $1.18 billion in severance from recent workforce reductions.
It's now down 16% over the past 12 months, and the stock is now the same price as Dec 2024
Too many teams and organizations have business types, mostly PM's who seek to lord over their area of know how and see themselves as delegators and mini CEOs, actively avoid looping engineers in to validate themselves. Engineers need to take on PM roles, and the PM role needs to be 1:50+ eng or go.
The floor has been raised for sure, and I am writing less boilerplate than before, and am able to diagnose bugs in my work quicker, but the amount of people that seemingly just copy and paste the AI output without critically thinking is causing me distress. There are seemingly no consequences either, more AI = more good.
https://x.com/MaxAnderson/status/2080229375773941871 https://xcancel.com/MaxAnderson/status/2080229375773941871 --- As someone who has personally spent $500k / mo+ on Google Ads for years, I can tell you with certainty:
This revenue growth in Search is artificial & extremely unhealthy for Google’s business long term
Search volumes are declining as legacy search is being increasingly cannibalized by non-monetized LLM queries
Google’s response?
Manufacture revenue growth via short-sighted, highly extractive, customer-hostile tactics. I.e. charge advertisers more for lower quality clicks, including clicks they do not want and explicitly did not approve Google to charge them for
A few examples to illustrate:
For all of its history until recently, Google operated on a 2nd price auction model
I.e. if you bid $5 CPC and the next highest bidder bids $1 CPC, Google charged you $1.01 for the click (one penny more than the 2nd highest bidder) rather than the $5 you bid
This was a genius move by Google early on as it incentivizes advertisers to input their true maximum willingness to pay rather than trying to play the game of bidding low and constantly adjusting to try to stay just ahead of the next highest bidder while still not paying too much
However recently, Google silently deprecated the 2nd price auction and began charging advertisers as much as their bid and budget caps allow, regardless of what anyone else is bidding
It’s a short-sighted cash grab at the expense of the long term health of the advertiser ecosystem
Making thing worse, Google also recently nerfed keyword targeting precision
Google previously had precise keyword targeting settings that allowed advertisers pick individual search phrases to bid on, defined down to the character w/ exact match or phrase match targeting
This was one of the core features that made search advertising magic, enabling advertisers to run extremely precise campaigns based on exactly what their target customer typed
But now, even if you bid on a specific term or phrase using the strictest exact -match targeting settings, Google will show your ad across 1000’s of unrelated keywords, labeling them as as “exact match (close variant)”
The definition of “close variant” means whatever they want it to and changes constantly. The result is advertisers get billed for clicks that are totally irrelevant to their business and that their targeting settings explicitly forbid Google from targeting. Google does it anyway and there’s no ability to turn this off
So now exact match is broad match, and broad match is just meaningless spam
This is all very bad for advertisers, but for Google, it allows them to show your ad and bill you for clicks across 1000x more searches that were previously going unmonetized (mainly because they’re garbage queries no one wants)
This is how you grow revenue atop declining search volumes
Lastly, and perhaps most egregiously, Google quietly stopped respecting budget caps by a factor of 2x. For example campaigns we’ve been running for years with $1000 daily budget caps suddenly began spending $2000+ per day
And the extra spend is entirely on the garbage keywords Google arbitrarily throws in as “exact match (close variants)” which have no value to our business, but can’t be turned off
Google offers no refunds nor any recourse for overspend or spend on keywords you explicitly did not target
These are not the actions of a healthy business. These are the actions of company whose core business is in decline but desperately needs to pump quarterly earnings so Wall Street will continue to fund insane capex while hopefully looking through their rapidly deteriorating negative free cash flow
Google operated a benevolent monopoly for the better part of 25 yrs
Meaning the value Google captured from Search was but a small fraction of the value it created, and that spread produced a potential energy that justified expectations of high earnings growth far, far into the future
This is now no longer the case
At the alter of AI capex, Google is sacrificing the golden goose
6 months away
The human body is quite complex as well.
Graduating a for profit private college that is aiming to maximize profit, by churning out specific degrees does not mean you are educated. Having a college degree is not synonymous anymore with well educated.
The measure (college degree) became a target, and thus it stopped functioning as intended.