The Google CEO wants to make the company 20% more efficient and is considering layoffs.
Tech giants are not free from crises, and as we have seen happening at Amazon, Google is also considering cutting jobs. The CEO’s plan is to make the company 20% more efficient.
The claims were made during his speech at a conference in Los Angeles.
According to CNBC, Google and Alphabet CEO Sundar Pichai revealed that he wants to make the search giant 20% more efficient. This goal may involve cutting back on headcount, as he sees the years of rapid hiring as posing an economic challenge.
The more we try to understand the macro-economy, the more uncertain we feel about it. Macroeconomic performance is correlated with advertising spending, consumer spending, and so on.
Pichai shared, during his speech at the Code Conference in Los Angeles, some details about the actions he intends to take to make Google more efficient in the face of economic uncertainty and the broad slowdown in advertising investments—from which Google largely benefits.
Pichai went on to say that Google may merge YouTube Music and Google Play Music into a single product.
We want to make sure as a company that when you have fewer resources than before, you’re prioritising all the right things to work on and that your employees are really productive so that they can really make an impact on the things they’re working on, so that’s what we’re spending our time on.
Google’s CEO, ensuring that he is aware that macroeconomic factors are out of the company’s reach.
Sometimes there are areas to make progress… We have three people making decisions, and reducing that to two or one improves efficiency by 20%.
In July, Google’s head of human resources, Fiona Cicconi, acknowledged the industry’s concerns about layoffs and pointed out that “we can’t be sure of the economy in the future.”