- Google employees question CEO Sundar Pichai over layoffs despite the company’s nearing $2 trillion valuation.
- Employees express concerns over cost-cutting measures and lack of pay raises despite better-than-expected quarterly earnings.
- Sundar Pichai addresses employee concerns, citing a long transition period for the company and emphasizing disciplined headcount management.
Despite nearing a significant milestone of becoming a $2 trillion company, Google faces employee discontent over recent layoffs and cost-cutting measures. At an all-hands meeting, CEO Sundar Pichai and CFO Ruth Porat faced tough questions from employees regarding the company’s direction amidst strong earnings.
Employees expressed concerns over a decline in morale, increased distrust, and a disconnect between leadership and the workforce. Many questioned the lack of meaningful compensation increases despite the company’s stellar performance. Pichai acknowledged the responsibility of leadership in addressing these concerns, emphasizing an iterative process and a long period of transition for the company.
Amidst the questioning, Pichai clarified that while the company is moderating its pace of growth and driving efficiencies, it remains disciplined about managing headcount growth. He highlighted the need for re-allocation of resources and emphasized Google’s commitment to being very disciplined throughout the year.
