Sundar Pichai, chief executive officer of Alphabet Inc.(Photographer: Michael Nagle/Bloomberg) © 2022 Bloomberg Finance LP Even Google isn’t immune to the severe downturn in the tech sector. Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend. Amidst pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google launched a ranking system and… Source link
Read More »Major investor calls on Google owner to ‘aggressively’ cut staff and pay | Alphabet
The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back. London-based TCI, which has been a significant investor in the company since 2017 and holds a stake valued at $6bn (£5.1bn), has written to its chief executive, Sundar Pichai, urging it to emulate cost-cutting measures introduced by big tech rivals including the Facebook-owner, Meta, Amazon and… Source link
Read More »Twitter reportedly asks some laid-off staff to return
Mere days after cutting its workforce in half, Twitter is asking some employees to return, . Citing two sources within the company, the outlet reports management at Twitter has come to the realization it either let some workers off by accident or without realizing their experience was essential to building the features Elon Musk wants to bring to the platform. Twitter did not immediately respond to Engadget’s request for comment. Platformer’s Casey Newton was the on the company’s plan,… Source link
Read More »Yahoo retrenches editorial staff members in Singapore in restructuring move
SINGAPORE — Yahoo has retrenched several editorial staff based in Singapore, following a restructuring of its editorial team in Southeast Asia and the cessation of publication of localised content in the Philippines and Indonesia. TODAY understands from sources that seven employees based in Singapore were laid off, all of them journalists. They were from the Singapore/Malaysia, the Philippines and the finance teams. In response to TODAY’s queries, a spokesperson of the international… Source link
Read More »Google UK staff earned average of more than £385,000 each in 18 months | Google
Google UK’s staff earned an average of more than £385,000 each in the 18 months to the end of December, as the tech company gave almost £1bn in share-based payments. Google, which like other tech firms is looking at budget and potential job cuts as global economic conditions become tougher, reported £3.4bn in turnover and £1.1bn in pre-tax profits in the 18 months to the end of December 2021. The company, which reported a year and a half of financial results after moving its accounting… Source link
Read More »‘We don’t get to choose the macroeconomic conditions always,’ Google CEO Sundar Pichai tells disgruntled staff
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. One worker summoned the nerve to ask Pichai why Google was “nickel-and-diming employees” when the company reported “record profits and huge cash reserves,” according to audio obtained by CNBC. Don’t miss: Remember the summer spike in layoffs that pointed to a U.S…. Source link
Read More »‘We don’t get to choose the macroeconomic conditions always,’ Google CEO Sundar Pichai tells disgruntled staff
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. One worker summoned the nerve to ask Pichai why Google was “nickel-and-diming employees” when the company reported “record profits and huge cash reserves,” according to audio obtained by CNBC. Don’t miss: Remember the summer spike in layoffs that pointed to a U.S…. Source link
Read More »‘We don’t get to choose the macroeconomic conditions always,’ Google CEO Sundar Pichai tells disgruntled staff
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. One worker summoned the nerve to ask Pichai why Google was “nickel-and-diming employees” when the company reported “record profits and huge cash reserves,” according to audio obtained by CNBC. Don’t miss: Remember the summer spike in layoffs that pointed to a U.S…. Source link
Read More »Facebook Parent Meta, Google to Cut Costs and Staff, Report Says
What’s happening Facebook parent company Meta and Google… Source link
Read More »Google boss Sandar Pichai warns staff of ‘real concerns’ over productivity
Between slowing revenue growth and an increasingly murky outlook for tech companies in general, Google is tasking its employees to put in harder shifts at work. Amid a larger market downturn over the past few months, the tech sector has arguably fared the worst. Thousands of tech company employees have been laid off, and with chatter growing that an inevitable economic contraction is on the way, more speculative stocks such as tech are bracing for the worst. At Google—one of the… Source link
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