At this point in the quarter, the company estimates that severance-related expenses will be roughly $700 million in the first quarter "as we've continued these efforts". Google Posts 'USD 307 Billion' Revenue in 2023 and Spends 'USD 2.1 Billion' on Severance and Other Expenses of Over 12,000 Laid Off Employees, Will Spend More 'USD 700 Million' in Q1 2024.
Google spent $2.1 billion on severance packages and associated costs as it laid off around 12,000 employees last year despite recording growth in most core businesses like search and advertising.
Donald Trump’s social-media business generated just $2.3 million in sales in the first half of the year on its way to a loss, underscoring the nascent…