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Alphabet's Q4 earnings soar, amid potential layoffs and strategic shifts
Search and YouTube subscriptions major contributors to Q4 growth
The year-end call focused on Google’s investments in AI, including how it's helping search and subscriptions reach $15 billion in annual revenue since 2019. Alphabet's President and Chief Investment Officer, Ruth Porat, said, "we ended with a strong fourth quarter with consolidated revenues." On the earnings call, Porat hinted at more layoffs and a slower hiring pace in the near future as they continue to focus on “removing layers to simplify execution and drive velocity.”
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