Google CEO tells employees to expect more job cuts this year.::In an internal memo, Google CEO Sundar Pichai said recent layoffs are about “removing layers to simplify execution and drive velocity in some areas.” He warned that more are coming.
This is the best summary I could come up with:
“We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me.
“The reality is that to create the capacity for this investment, we have to make tough choices.”
So far, those “tough choices” have included layoffs and reorganizations in Google’s hardware, ad sales, search, shopping, maps, policy, core engineering, and YouTube teams.
“These role eliminations are not at the scale of last year’s reductions, and will not touch every team,” Pichai wrote in his memo — a reference to when Google cut 12,000 jobs this time last year.
Pichai said the layoffs this year were about “removing layers to simplify execution and drive velocity in some areas.” He confirmed what many inside Google have been fearing: that more “role eliminations” are to come.
“Many of these changes are already announced, though to be upfront, some teams will continue to make specific resource allocation decisions throughout the year where needed, and some roles may be impacted,” he wrote.
The original article contains 220 words, the summary contains 176 words. Saved 20%. I’m a bot and I’m open source!
“We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me. “The reality is that to create the capacity for this investment, we have to make tough choices.”
Surely Alphabet will make the tough choice to cut CEO pay, right? lololololol I crack myself up sometimes…
They could, but even if they cut it to 0, assuming going from $226 million compensation (number I found for 2022, most of which by far is stock), and median employee costing $300k (I found a number around $270k median total comp, but the total cost is higher), that makes room for about 750 additional employees. Google has about 150k employees, so I think they’re laying off more than that. Of course there are other highly paid people in other top positions there too, but the thing about a CEO is, you only need one of them. If we would only consider cash, the number of employees would be much smaller.
Record profits, time to do layoffs. :)
https://searchengineland.com/google-search-ad-revenue-q2-2023-433633
These asshole CEOs need to be put in their place. I wish tech workers would fucking unionize already. The Democrats will never help anyone with labor issues.
“Sorry guys, we’re doing better than ever with record profits and massive growth, we’re going to have to let you go”
