_google39s-rapid-growth-raises-questions-on-employee-compensation-at-all-hands-meeting.jpg "Google's Rapid Growth Raises Questions on Employee Compensation at All-Hands Meeting from service cost definition 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: 0:40
👁 View: 250K times
✓ Published: 10-May-2024
👁 View: 250K times
✓ Published: 10-May-2024
Description:
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.
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.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_prince-harry-leaves-invictus-games-thanksgiving-service.webp "Prince Harry has left St Paul's Cathedral where he gave a bible reading at a thanksgiving service to mark the 10th anniversary of the Invictus Games. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn")
_otd-in-space-may-11-final-hubble-servicing-mission-launches.webp "On May 11, 2009, the space shuttle Atlantis launched on the fifth and final servicing mission for the Hubble Space Telescope. <br/><br/>During mission STS-125, astronauts installed two new instruments on the telescope. One was the Cosmic Origins spectrograph, which allowed Hubble to observe faint objects in the cosmos in ultraviolet light. This would help researchers study the formation of galaxies and other large-scale structures in the universe. The second instrument was the Wide Field Camera 3, which replaced the old Wide Field and Planetary Camera 2 that was installed during the first servicing mission in 1993. This new camera could observe the universe in visible, near-infrared and near-ultraviolet light with a higher resolution and larger field of view than any of Hubble's older instruments. The crew completed their tasks in five spacewalks over the course of the 13-day mission.")
_disney-and-warner-bros-discovery-unveil-streaming-bundle.webp "Disney and Warner Bros. Discovery are teaming up to offer their streaming services Disney+, Hulu, and Max in a bundled package similar to traditional cable TV bundles. The bundle will be available this summer but pricing has not yet been disclosed, though it is expected to be offered at a discount. Disney will act as the distributor, collecting subscription fees and paying Warner Bros. Discovery a percentage. It is the latest partnership between the two media giants after joining with Fox to offer a sports streaming bundle launching this fall.")
_ways-to-save-money-on-your-mobile-phone-bill.webp "Knowing how to cut your mobile phone bill is essential as the rising cost of living puts increasing pressure on household finances.")
_commissioner-led-intervention-in-liverpool-city-council-is-to-end-in-june.webp "Commissioner-led intervention in Liverpool City Council is to end in June")
_fire-crews-toda-1182954.webp "Fire crews were today (Fri) tackling a blaze that had ripped through a leisure centre in Salford overnight.")
_prince-harry-leaves-invictus-games-thanksgiving-service.jpg)
_otd-in-space-may-11-final-hubble-servicing-mission-launches.jpg)
_disney-and-warner-bros-discovery-unveil-streaming-bundle.jpg)
_ways-to-save-money-on-your-mobile-phone-bill.jpg)
_commissioner-led-intervention-in-liverpool-city-council-is-to-end-in-june.jpg)
_fire-crews-toda-1182954.jpg)
![[+]](/images/menu.gif){kind=small}