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Google employees question execs over 'decline in morale' after blowout earnings - TL;DR CNBC

Google employees question execs over 'decline in morale' after blowout earnings

Publishing timestamp: 2024-05-10 13:21:55


Summary

Google employees question leadership about cost cuts, layoffs, and morale issues despite better-than-expected earnings. Company plans fewer layoffs in second half of 2024, but employees are concerned about lack of pay increases and disconnect with leadership. Executives admit to past mistakes in handling investments and emphasize the need to invest in growth. Company is still making tough choices regarding investments and managing headcount growth.


Sentiment: MIXED

Tickers: GOOGL

Keywords: sundar pichaitechnologygoogleinternetalphabet incbreaking news: technologybusiness news

Source: https://www.cnbc.com/2024/05/08/google-staffers-question-execs-over-decline-in-morale-after-earnings.html


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