If you want to get Trending in your email inbox every week, just click here.Depending on where you're sitting, the same string of words can delight or distress you. That's what I was thinking when I heard Google CFO Ruth Porat, during the company's Q1 earnings call on Tuesday, explain that "after a decade of growth there have to be opportunities for added efficiency.
To any Googlers who tuned in though, the CFO's comments probably struck a less reassuring chord. Efficiency kind of rhymes with redundancy, which is another way of saying layoffs. . Yes, Google is backing off the aggressive hiring plans it started the year with. But Google isn't actually planning to reduce its headcount — which now tops 123,000 full-time employees — nor even to freeze hiring.
If we assume, for the sake of argument, that Google's headcount grows by only 16% this year, that translates to an additional 20,000 new hires. That's a lot of onboarding, whether the By contrast, during the Great Recession more than a decade ago, Google's headcount in 2009 declined by about 350 employees. By 2010, Google's headcount was growing again, swelling by more than 4,000 souls in 12 months.The up and comers, born during the last recession, are not as omnipotent as we thought:
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus contact tracing: Government apps vs. Apple, Google - Business InsiderGovernments have to decide whether to scrap their own COVID-19 contact tracing apps in favor of tech built by Apple and Google. Here's what's at stake. 21% of American adults approve of Apple and Google’s fight against COVID-19: aaronpholmes (Happy to provide data on any topic you're writing about if interested!)
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google is extending its identity verification program - Business InsiderGoogle's extended verification policy will likely have a positive impact on the digital advertising industry, as it should deter malicious actors
Source: BusinessInsider - 🏆 729. / 51 Read more »
Live: Here come Google and Alphabet's Q1 earnings - Business InsiderAlphabet is set to announce its Q1 2020 earnings, and all eyes are on how much damage the pandemic is doing to its ad business.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Worsening economic conditions could mean Google Cloud has more acquisition opportunities - Business InsiderThe coronavirus allows Google Cloud to double down on its acquisition strategy as late-stage startups are vulnerable to worsening economic conditions.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google reveals plans to cut costs in the coming months - Business InsiderGoogle has reported sluggish revenue growth due to the effects of the pandemic. Here's how it plans to cut costs this year. SAI With a quarter billion bonus for the CEO of Alphabet? I think they are hypocrites. Cut some of the bonus and keep the employees. It is common sense I guess...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google kills experimental social network Shoelace less than a year after launch - Business InsiderGoogle is killing its experimental social network Shoelace less than a year after it launched because of the coronavirus Shoelace had coronavirus ? 😕 We are capable of making friends ourselves. Just walk up to anyone and say hello.
Source: BusinessInsider - 🏆 729. / 51 Read more »