Google\u2019s chief executive officer told employees on Monday that job cuts were made in a bid to act decisively as the company\u2019s growth slowed.<\/p>\n
In an internal meeting, Sundar Pichai, who is CEO of Google parent Alphabet Inc., said he had consulted with the company\u2019s founders and board in making the decision for 6% cuts, according to remarks reviewed by Bloomberg.<\/p>\n
\u201cIf you don\u2019t act clearly and decisively and early, we can compound the problem and make it much worse,\u201d Pichai said. \u201cThese are decisions I needed to make.\u201d<\/p>\n
Google said on Friday that it would eliminate about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring. Although speculation about the cuts had swirled for months, the layoffs were nonetheless a shock to the system for some employees.<\/p>\n
Some realized they lost their jobs when they were unable to access corporate systems. Yet Pichai stressed the cuts were the product of careful consideration.<\/p>\n
\u201cThe process was far from random,\u201d he said. He added that because bonuses were tied to company performance, and because leadership needs to be accountable, all senior vice presidents and above would see a \u201csignificant reduction\u201d in their annual bonus this year.<\/p>\n
The size of Google\u2019s workforce forced executives to keep the circle of decision makers relatively small, said Fiona Cicconi, Google\u2019s chief people officer, in the meeting with employees.<\/p>\n
\u201cIn an ideal world, we would have given managers a heads up, but we have over 30,000 managers at Google,\u201d Cicconi said. \u201cWe wanted to give certainty sooner.\u201d<\/p>\n
Another executive said severance packages had been structured to reward workers with long tenures at the company.<\/p>\n
Alphabet Chief Financial Officer Ruth Porat stressed in the meeting that the cuts were intended to free the company up to continue investing in key priorities.<\/p>\n
\u201cAct early, and you then create the capacity to invest for long-term growth,\u201d Porat said. \u201cAs difficult as this was, those were the takeaways.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Google\u2019s chief executive officer told employees on Monday that job cuts were made in a bid to act decisively as the company\u2019s growth slowed. In an internal meeting, Sundar Pichai, who is CEO of Google parent Alphabet Inc., said he had consulted with the company\u2019s founders and board in making the decision for 6% cuts, according to remarks reviewed by Bloomberg. \u201cIf you don\u2019t act clearly and decisively and early, we can compound the problem and make it much worse,\u201d Pichai said. \u201cThese are decisions I needed to make.\u201d Google said on Friday that it would eliminate about 12,000 jobs, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799892","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799892"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799892\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}