_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 google play music and youtube music 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
Related Videos
_youtube-is-trying-to-kill-google-play-music.webp "CNET")
_nvidia39s-ai-dominance-evident-as-tech-behemoths-from-microsoft-to-meta-and-google-keep-pumping-billions-into-chipmaker.webp "NVIDIA is set to release its first-quarter earnings, and the company is already making waves in the AI sector. The tech giant’s AI infrastructure is in high demand, as evidenced by the increased capital expenditures of its major clients.")
_music-on-google-play.webp "Google Play")
_goodbye-google-play-music-hosting-your-own-music-using-plex.webp "InfinitelyGalactic")
_google-play-music-free-music-for-everything-you-do.webp "Google Play")
_mimi-x-daniela-she-gets-away-with-everything-music-video.webp "funniflix")
_google-employees-express-frustration-over-cost-cuts-and-lack-of-pay-raises-to-ceo-and-cfo.webp "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.")
⏲ 0:49 👁 445K
_youtube-music-takes-over-google-play-music-transfer-tool-is-out.webp "CNET"){kind=spacer}
_youtube-is-trying-to-kill-google-play-music.jpg)
_nvidia39s-ai-dominance-evident-as-tech-behemoths-from-microsoft-to-meta-and-google-keep-pumping-billions-into-chipmaker.jpg)
_music-on-google-play.jpg)
_goodbye-google-play-music-hosting-your-own-music-using-plex.jpg)
_google-play-music-free-music-for-everything-you-do.jpg)
_mimi-x-daniela-she-gets-away-with-everything-music-video.jpg)
_google-employees-express-frustration-over-cost-cuts-and-lack-of-pay-raises-to-ceo-and-cfo.jpg)
_youtube-music-takes-over-google-play-music-transfer-tool-is-out.jpg)
![[+]](/images/menu.gif){kind=small}