The reorganization aims to consolidate staff and may involve layoffs. Google is increasingly relying on machine-learning techniques for ad sales on its platforms.
In January, Alphabet announced plans to cut 12,000 jobs globally. Google previously laid off employees at mapping app Waze in June.
It is absolutely ridiculous. If it’s well-earned, sure, a hefty profit is fine. But profits cannot be ever-growing infinitely, that’s just not possible. Our economies are in for a shakeup, that’s for sure.
IIRC, most Google stock doesn’t net dividends. People (mostly the 6 companies who actually are the stock market) are only buying it to speculate.