Maybe smaller companies, but large ones carry a lot of debt because it’s cheap. ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

refurb on Jan 21, 2023 | parent | context | favorite | on: Ask HN: Why is everybody copying layoffs?

Maybe smaller companies, but large ones carry a lot of debt because it’s cheap.

Google has $28B in debt.

ulfw on Jan 21, 2023 [–]

Which they can pay all back TODAY if they want to. Not tomorrow, not in 10 years. Today. That's how much money they have in the bank.

refurb on Jan 21, 2023 | [–]

That doesn’t change anything. The question was “do they hold debt”.

Debt has major tax benefits to it. That’s why companies who don’t really need to issue debt, do.

Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact