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Employee laid off at 3 am after 16 years with Google: ‘100% disposable…’

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‘Big, faceless’ companies such as Google see employees as ‘100% disposable,’ said an Engineering Manager at the tech giant, who claimed he is among the 12,000 employees who are being let go by Alphabet Inc, the parent company of the Mountain View-headquartered firm.

Also Read | Google to lay off 12,000 employees

The employee, Justin Moore, described his more than 16 years with Google as a ‘largely wonderful’ time.

Justin Moore’s LinkedIn post

“So after over 16.5 years at Google, I appear to have been let go via an automated account deactivation at 3am this morning as one of the lucky 12,000. I don’t have any other information, as I haven’t received any of the other communications the boilerplate ‘you’ve been let go’ website (which I now also can’t access) said I should receive,” wrote Moore on LinkedIn, adding that he is really proud of the work put in by him and his teams over the years.

“This also just drives home that work is not your life, and employers – especially big, faceless ones like Google – see you as 100% disposable. Live life, not work,” he further wrote.

Moore concluded the post with a quote from the Ballard of Sir Andrew Barton: “I’ll lay me down and bleed a-while, And then I’ll rise and fight again.” This, according to him, is among his father’s most favourite quotes.


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I say thumbs up to MP Materials

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RPC Inc: “I want you to hold [onto] it.”

Marvell Technology Inc: “You don’t want to buy until it reports. After it reports, we’re going to take a solid look at it. … If you do own it now, you’ll do just fine.”

Li Auto Inc: “Listen to [Tesla CEO] Elon Musk on the conference call. He likes the Chinese automakers. Who am I to go against the smartest man in the world?”

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Strong earnings from Tesla and United Rentals helped market climb

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CNBC’s Jim Cramer said that Thursday’s rally is thanks to a batch of strong company earnings.

“I’ve said over and over again that during earnings season, what matters is companies and the CEOs with the smarts to direct them,” he said.

Stocks rose on Thursday as investors digested the latest batch of earnings and new gross domestic product data showing the U.S. economy grew by a higher-than-expected 2.9% in the fourth quarter.

Cramer said that contrary to what many might believe, the economic data didn’t drive the trading session’s rallies.

“That’s a classic misdirection play — just totally wrong. It’s stale. It doesn’t count. We’re in earnings season, for heaven’s sake,” he said, adding, “Stocks did well today because many of them delivered good numbers.”

He went over several examples of corporate news and earnings reports that fueled Thursday’s gains:

“It’s very confusing if you’re on permanent negative autopilot because you only pay attention to the [Federal Reserve]. If you watched the individual companies, these moves would be a lot less surprising,” Cramer said.

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Intel, Visa, Hasbro and more

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The Intel Corporation logo is seen at a temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022.

Arnd Wiegmann | Reuters

Check out the companies making headlines in after-hours trading.

Intel — Shares of Intel plunged 8.2% after the company reported earnings that missed on the top and bottom lines. The company reported adjusted earnings of 10 cents per share on $14.04 billion in revenue where analysts expected 20 cents per share on revenue of $14.46 billion, per Refinitiv. Intel also gave weak guidance, forecasting a net loss in the first quarter.  

Visa — Visa shares rose 1.5% after the company reported an earnings beat. The digital payments company reported adjusted earnings per share of $2.18 and $7.94 billion in revenue, more than Wall Street’s expectations of adjusted earnings of $2.01 per share and $7.70 billion in revenue, per Refinitiv.

Hasbro — Shares slid 7.8% after the toymaker announced it was cutting about 1,000 jobs, or 15% of its workforce. The company also warned of a weak fourth quarter.

KLA Corporation — Shares of KLA Corporation, a semiconductor manufacturer, shed 4.9% even though the company reported earnings that beat analysts’ expectations on the top and bottom lines, according to Refinitiv. The company gave a forward guidance that was weaker than expected for its fiscal third quarter, which weighed on shares.

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