Apart from this, Google has also cut several hundred additional jobs in central engineering, hardware and advertising. “Frankly, some teams will continue to make resource allocation decisions,” Pichai said in a Wednesday memo.
The process of layoffs seen on a large scale last year may continue this year too and this has recently been indicated by the CEO of one of the world’s largest companies. Google CEO Sundar Pichai warned employees that more jobs are going to be cut this year because the company wants to promote investment in sectors like Artificial Intelligence.
In a memo titled “2024 Priorities and the Year Ahead” sent to company employees, Pichai said, “We have ambitious goals and we will invest in our big priorities this year.”
AI is working on target
According to the memo obtained by CNBC, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (Objectives and Key Results). “The truth is that we have to make tough choices to make this investment possible,” he said. For some teams, that means eliminating roles, including “removing layers to simplify execution and increase speed.” “Includes.”
Cuts continue in many ways
- Google has laid off its employees in several rounds from January 2023 to cut costs. The company had announced that it was eliminating 12,000 jobs, or about 6% of its full-time workforce. Along with laptops and equipment, Google also cut some perks.
- Apart from this, Google has also cut several hundred additional jobs in central engineering, hardware and advertising. “Frankly, some teams will continue to make resource allocation decisions,” Pichai said in Wednesday’s memo. He further said that the layoffs would not be on the scale of last year’s cuts and “will not affect every team.”
- Shares of Google parent Alphabet had jumped 55% last year. In fact, after poor performance in 2022, tech stocks gained momentum, which was driven by AI. With the boom in the digital advertising market, revenue has returned to double digits in the third quarter. Last month, Google launched its largest and most capable AI model ‘Gemini’.
