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Google confirms it just laid off around a thousand employees
(www.theverge.com)
This is a most excellent place for technology news and articles.
Yes buy layoffs at Google means something went wrong. They screwed up somewhere.
How is the result good news?
Google is dying. That's the good news.
Google is intentionally shedding staff to reduce costs to increase their share price. I don't think they're actually having any kind of financial issues that would cause this. This is just a company chasing profit at the cost of their staff.