YouTube’s advertising revenue dropped for the third quarter in a row, dragging down Google’s financial results as the video platform continues to navigate a soft ad market. Ad sales at …
Overall, Alphabet’s Q1 earnings beat Wall Street forecasts. It posted $69.8 billion in sales and net income of $15.05 billion . Analysts on average expected the internet giant to report revenue of $68.9 billion and earnings of $1.07 per share, per financial data provider Refinitiv.
across divisions — 6% of its workforce, marking its biggest layoffs to date — after the company, like others in the tech sector, had ramped up hiring during the pandemic. On Tuesday, the company announced that it recorded employee severance and related charges of $2.0 billion, representing the majority of expected costs associated with the layoffs.
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