Google Job Cut: CEO Sundar Pichai said that the company would continue to lay off employees even beyond 2024

Google Job Cut: CEO Sundar Pichai said that the company would continue to lay off employees even beyond 2024

Google Job Cut: CEO Sundar Pichai said that the company would continue to lay off employees even beyond 2024

In addition, Google has eliminated several hundred workers in central hardware, advertising, and engineering. Pichai said in a message on Wednesday that "some teams will honestly continue to make resource allocation decisions."

The CEO of one of the biggest corporations in the world recently said that the massive layoff process that occurred last year would also occur this year. Sundar Pichai, the CEO of Google, issued a warning to staff members, saying that the business plans to reduce employment significantly this year in order to encourage investment in fields like artificial intelligence.

"We have ambitious goals and we will invest in our big priorities this year," Pichai said in a document titled "2024 Priorities and the Year Ahead" that was sent to staff members of the firm.

AI is making progress.

In the message that CNBC was able to receive, Pichai said that the company's leadership is preparing to reveal its annual AI objectives this week and will release its 2024 OKRs (Objectives and Key Results). He said, "The fact is that in order to make this investment possible, we have to make some difficult decisions." In order to "simplify execution and increase speed," some teams will have to eliminate responsibilities. "Contains."

Cuts persist in a variety of ways.

In an effort to save expenses, Google began firing staff members in several rounds in January 2023. About 6% of the business's full-time employees, or 12,000 positions, were to be eliminated, the company had declared. In addition to equipment and computers, Google eliminated other benefits.

In addition, Google has eliminated several hundred workers in central hardware, advertising, and engineering. In the message sent on Wednesday, Pichai said, "To be honest, some teams will continue to make resource allocation decisions." He went on to say that the layoffs "will not affect every team" and would not be on the same size as the cutbacks made the previous year.

The parent company of Google saw a 55% increase in shares last year. In reality, tech stocks had a surge in 2022 despite their underwhelming performance, which was fueled by AI. The third quarter saw a return to double digit revenue due to the growth in the digital advertising sector. Google unveiled "Gemini," its biggest and most powerful AI model, last month.