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A billionaire wrote this letter to Google a year ago. How likely is that Google's layoffs and actions since then are at least partly because of this?
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In millions 2021 revenue: 75,325 2022 revenue: 76,048
Revenue is neither stagnant nor decreasing. Only reason to reduce pay and headcount is to increase profit at the employee's cost. All corporations will get to an operational standpoint that reducing costs through better process and materials is no longer feasible and the only avenue to increased profits is to begin extracting wealth from the employee's via layoffs and salary reduction.