At an all-hands meeting last week, Google employees questioned leadership about cost cuts, layoffs and"morale" issues following the company's better-than-expected first-quarter earnings report.
The internal strife continues despite Alphabet's better-than-expected first-quarter earnings report, in which the company also announced its first dividend as well as a $70 billion"Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read.
"Our priority is to invest in growth," Porat said, as she took the microphone to respond to questions."Revenue should be growing faster than expenses." Google's cloud business was among units instructing employees to move within shorter timelines even though they had fewer resources after cost cuts.There were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said.
Pichai said the company is"working through a long period of transition as a company" which includes cutting expenses and"driving efficiencies." Regarding the latter point, he said,"We want to do this forever."
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »