Comment by SpicyLemonZest

I'm spreading what people involved in management of tech firms have told me. Perhaps they were lying, but to me it seems consistent with what I observe in the news and in my personal capacity.

I'm also not quite sure your alternate theory is self-consistent. If Google has been frequently destroying value, and companies invariably lay people off when their projects aren't producing value, doesn't that mean they should have already been laying people off?