Google reveals plans to cut costs in the coming months - Business Insider

Google's earnings have given us our first glimpse at the effects of the pandemic on its business, most notably the impact on advertising.

To steel itself against the months to come, Google is taking several measures to cut costs and offset losses from its ads business. On an earnings call today, the company said it plans to decelerate hiring, and save costs in other areas including capital expenditure.Google's advertising business sailed through most of Q1 without suffering too much damage from the coronavirus, but was jolted byThe tough times don't look likely to go away anytime soon, according to Google executives like CFO Ruth Porat, who said Tuesday that she antic pates the second quarter will be "a difficult one.

To prepare for the difficult conditions, Google and parent company Alphabet are looking for ways to cut costs, from less business travel for employees to increased automation of certain tasks. "After a decade of growth there have to be opportunities for added efficiency," Porat said during a conference call on Tuesday.

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...

Singapore Singapore Latest News, Singapore Singapore 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 »

Germany backs Apple and Google approach to contact tracing for fighting coronavirus - Business InsiderGermany, along with a growing number of other European countries, is, backing an approach to fighting coronavirus supported by Apple and Google.
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 »