Google employees seek clarity from CEO Pichai on layoffs amid strong earnings
Google, led by CEO Sundar Pichai, is close to reaching a valuation of $2 trillion.
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Google, led by CEO Sundar Pichai, is close to reaching a valuation of $2 trillion.
However, amid better-than-expected quarterly earnings, there has been a decline in morale among employees due to cost-cutting measures and a lack of pay raises across the company.
According to a report by CNBC, at a recent all-hands meeting, employees shared their concerns directly with CEO Sunder Pichai and CFO Ruth Porat.
During this meeting, employees raised questions about declining morale and a perceived disconnect between leadership and the workforce.
"We have noticed a significant decline in morale, increased distrust and a disconnect between leadership and the workforce," said an employee quoted in the report.
Another questioned, “How does leadership plan to address these concerns and regain the trust, morale and cohesion foundational to our company’s success?”
In response to concerns about compensation not reflecting the company's success despite stellar performance, Pichai acknowledged the issue, stating, “Leadership has a lot of responsibility here.”
He described addressing these concerns as “an iterative process.”
Pichai further commented on the decline in morale, explaining, “We hired a lot of employees and from there, we have had course correction.”