Cash-rich companies haven’t been immune to the market downturn

Alphabet (NASDAQ:GOOG) has plans to become 20% more productive — which could include budget cuts and layoffs. Employees wanted answers — asking why they’re “nickel-and-diming employees” when “Google has record profits and huge cash reserves.” It’s not a bad question. In the last 12 months, Alphabet generated $65B in free cash flow and ended the…

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