Google CEO defends job cuts in animated town hall as employees demand clarity on process
Publishing timestamp: 2023-01-24 07:58:14
Summary
Google CEO Sundar Pichai and executive leaders addressed employee questions at a town hall meeting on Monday after last week's job cuts. Pichai said executive bonuses are getting cut and explained why employees who lost their jobs were removed from the internal system without warning. He also consulted with founders and controlling shareholders, Sergey Brin and Larry Page, as well as the board of directors. 750 senior leaders were involved in the process and criteria for cuts included skill set, time in role, productivity indicators, and performance history. Pichai indicated there would be executive compensation cuts but provided limited details. He also discussed the Lunar New Year mass shooting in Southern California and the rapid advancements in AI.
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Keywords: breaking news: technology, alphabet class a, business news, alphabet class c, technology, microsoft corp, internet, amazon.com inc, google,
Source: https://www.cnbc.com/2023/01/23/google-ceo-defends-layoff-process-in-heated-town-hall-monday.html