Google desperately needs to find another money printer, and ostensibly they staffed up to help them do it. That hasn’t changed, and Google‘s workload won’t drop noticeably in a recession outside of a few departments.
And even in the those departments, they have so much still growing cash on hand, that they’d probably be better off to weather the storm the lay off only to rehire in a year.
There's also an argument that big tech keeping a bunch of people on payroll when they don't need to slows down overall growth in the industry as it makes it harder for startups to find talent.
Is the management of google so incompetent they cannot find a profitable application to a large part of their workforce?
Source?
Exactly. There is no source for the unsubstantiated 'three successive quarters' claim.
> though the official determination in the US is made by the NBER
I would not wait for an entity to determine and tell us if it is too late. Hence why businesses are preparing now, even when they should have done in November 2021.
And of course, I am not saying this in hindsight either, since the warning signs were there in [0] and finally when it happened [1].