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Google employees are unhappy with cost-cutting: CEO says, "Don't equate fun with money."

2025-01-21 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Coje_He for the clue delivery! On the evening of September 23, Beijing time, it was reported that at Google's "full meeting" this week, employees were dissatisfied with the company's recent cost-cutting measures, while CEO Sandal Pichai (Sundar Pichai) responded that don't always equate fun with money.

At the full meeting, Google employees posed a series of thorny issues to Pichai, including cutting travel and entertainment budgets, improving productivity and potential layoffs. One question is: why cut costs when Google has largely emerged from the epidemic when it has record profits and huge cash reserves?

Pichai's answer was very cautious, saying: "what can I say?" I hope all of you read the news through external channels. in fact, in the current very bad macroeconomic conditions, we have become more responsible. I think it is important for us as a company to work together to get through such moments. "

Google, Meta and other technology companies are facing a series of economic challenges, including a potential recession, soaring inflation, rising interest rates and reduced advertising spending. Over the past decade, these technology companies have been known for high growth and many interesting benefits, but now they are moving in the opposite direction.

In the second quarter of this year, Google's parent company Alphabet's profits and revenue fell short of expectations for the second consecutive quarter. Revenue growth in the third quarter is expected to fall to single digits, down from more than 40 per cent in the same period last year. Pichai admits that Google is challenged not only by economic problems, but also by a deteriorating bureaucracy.

Earlier this month, Pichai hinted at layoffs. He says he hopes to increase the company's efficiency by 20%. Given the current series of challenges and Google's continued hiring over the years, this could include layoffs.

At this week's plenary meeting, Pichai explained the concerns of his employees. "you may be a team of 20 or 100 people, and our growth will be limited on the basis of looking to the future," he said. maybe you planned to hire six more people, but in the end you may only be able to hire four people. how to achieve this goal? different teams will give different answers. "

When it comes to cost-cutting, Pichai also said that although some benefits have been cancelled, Google's culture can still be pleasant. "I remember when Google was small, people were in high spirits," he said. "We shouldn't always equate fun with money. I think you can look at a hard-working startup where people may be happy, but it shouldn't always be equated with money."

Another question that employees are concerned about is: why does management require employees to comply with the policy of returning to the office while saying that they do not need to travel in person? Pichai responded: "I also understand that in the current environment, some travel restrictions are not ideal." therefore, we do not completely restrict travel, we give the team discretion. "

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