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Google employees expressed frustration to CEO Sundar Pichai and CFO Ruth Porat over cost cuts and lack of pay raises despite strong profits. Workers reported a significant drop in morale and increased distrust between leadership and staff. The top concern was an absence of meaningful pay bumps while the company hit record earnings. Porat said expenses had outpaced revenue recently, which isn't sustainable. Pichai acknowledged overhiring during COVID and the need to rein in spending now. Pichai outlined growing costs while moderating the pace of spending increases. The meeting followed recent layoffs, return-to-office orders, and protests over military contracts.

Google Employees Express Frustration Over Cost Cuts and Lack of Pay Raises to CEO and CFO

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Against The Sky Supreme S01 EP301 (English Subtitle)

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Google employees questioned leadership about cost cuts, layoffs, and declining morale at an all-hands meeting after Q1 earnings beat estimates. CEO Sundar Pichai said most layoffs will be completed in the first half of 2024, with a much smaller scale in the second half. CFO Ruth Porat said expenses grew faster than revenue, which isn't sustainable, and the focus is investing in growth areas. Porat defended share buybacks and dividends, saying cash can't just be drained and the board has fiduciary duties.

Google's Rapid Growth Raises Questions on Employee Compensation at All-Hands Meeting

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How to Create a Google Doc and share. thelink.

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King Of Casual Cultivators S01 EP10 (English Subtitle)

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Learn Google Sheets u0026 Excel Spreadsheets

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