_google-employees-express-frustration-over-cost-cuts-and-lack-of-pay-raises-to-ceo-and-cfo.jpg "Google Employees Express Frustration Over Cost Cuts and Lack of Pay Raises to CEO and CFO from google coordinates dms Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:49
👁 View: 1M times
✓ Published: 11-May-2024
👁 View: 1M times
✓ Published: 11-May-2024
Description:
Google employees expressed frustration to CEO Sundar Pichai and CFO Ruth Porat over cost cuts and lack of pay raises despite strong profits. Workers reported a significant drop in morale and increased distrust between leadership and staff. The top concern was an absence of meaningful pay bumps while the company hit record earnings. Porat said expenses had outpaced revenue recently, which isn't sustainable. Pichai acknowledged overhiring during COVID and the need to rein in spending now. Pichai outlined growing costs while moderating the pace of spending increases. The meeting followed recent layoffs, return-to-office orders, and protests over military contracts.
Google employees expressed frustration to CEO Sundar Pichai and CFO Ruth Porat over cost cuts and lack of pay raises despite strong profits. Workers reported a significant drop in morale and increased distrust between leadership and staff. The top concern was an absence of meaningful pay bumps while the company hit record earnings. Porat said expenses had outpaced revenue recently, which isn't sustainable. Pichai acknowledged overhiring during COVID and the need to rein in spending now. Pichai outlined growing costs while moderating the pace of spending increases. The meeting followed recent layoffs, return-to-office orders, and protests over military contracts.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_how-to-find-location-on-google-map-with-latitude-longitude.webp "Digital World - Tech Tutorials")
_google-engineers-on-learnings-from-building-gemini.webp "Three Google engineers, James Rubin, Peter Danenberg and Peter Grabowski, discuss what they’re learned so far working on Google’s Gemini ai and what’s to come next.<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
_how-to-enter-coordinates-into-google-maps.webp "Trevor Nace")
_understanding-latitude-and-longitude-and-using-degrees-minutes-and-seconds-on-maps.webp "Ruppert Rocks Geology")
⏲ 14 minutes 51 seconds 👁 22.8K
_how-to-input-gps-coordinates-into-google-maps.webp "GRFD Wildland")
_how-to-check-longitude-latitude-on-google-maps.webp "Tech Related Tips")
_google39s-rapid-growth-raises-questions-on-employee-compensation-at-all-hands-meeting.webp "Google employees questioned leadership about cost cuts, layoffs, and declining morale at an all-hands meeting after Q1 earnings beat estimates. CEO Sundar Pichai said most layoffs will be completed in the first half of 2024, with a much smaller scale in the second half. CFO Ruth Porat said expenses grew faster than revenue, which isn't sustainable, and the focus is investing in growth areas. Porat defended share buybacks and dividends, saying cash can't just be drained and the board has fiduciary duties.")
_how-clear-is-the-sltv-decoder-how-can-i-get-it-frequently-asked-questions-and-answers.webp "Eruks Teejay")
⏲ 5 minutes 18 seconds 👁 36
_how-to-find-location-on-google-map-with-latitude-longitude.jpg)
_google-engineers-on-learnings-from-building-gemini.jpg)
_how-to-enter-coordinates-into-google-maps.jpg)
_understanding-latitude-and-longitude-and-using-degrees-minutes-and-seconds-on-maps.jpg)
_how-to-input-gps-coordinates-into-google-maps.jpg)
_how-to-check-longitude-latitude-on-google-maps.jpg)
_google39s-rapid-growth-raises-questions-on-employee-compensation-at-all-hands-meeting.jpg)
_how-clear-is-the-sltv-decoder-how-can-i-get-it-frequently-asked-questions-and-answers.jpg)
![[+]](/images/menu.gif){kind=small}