By now, we should all realize that Google's problem is not unique, most tech companies gained too much fat (employee counts) post COVID due to macro tailwinds. Now that the tide is gone, they need to cut the extra fat that they gained in the last year or two in order to reaccelerate their operating margin. Meta and NFLX are great examples of taking the pill (to cut fat) and earnings back their investors’ trust. The bottom line is if macro headwinds persists longer than most anticipated, Goolge's recent 12,000 cut is probably not enough. Remember, the big Techs are all cash cows, the more cut they do, the more cash they return to their investors, and in the meantime, better margins and better profitability.