Google Execs Address Employee Concerns on Cost-Cutting in Halloween Costumes
Amidst Halloween festivities, Google leaders reassured staff about future layoffs and efficiency measures during an all-hands meeting.
- Google's all-hands meeting followed a positive earnings report, yet hinted at potential future cost-cutting and restructuring.
- CEO Sundar Pichai and other executives, dressed in festive costumes, fielded employee questions on job security and company efficiency.
- CFO Anat Ashkenazi emphasized the need for further cost savings despite recent hiring of 1,000 new graduates.
- Google's investment in AI infrastructure is driving changes in workforce dynamics, with 25% of new code generated by AI.
- Employees expressed concerns over job cuts, reflecting broader industry trends of reduced hiring and layoffs.