World News

At a meeting, multi-millionaire Google CEO Sundar Pichai told workers they don’t equate pleasure with money

Multi-millionaire Google CEO Sundar Pichai ruffled feathers at a town hall focused on cost-cutting at the tech giant this week, telling employees not to “confuse pleasure with money”.

During the meeting, Mr. Pichai was asked, in a popular question from employees on an internal messenger, why the company was “nickel-and-diming employees” in canceling Google’s famous perks then. that the company “has record profits and huge cash reserves”. according to audio of the reunion obtained by CNBC.

“I remember when Google was small and rambling,” Mr. Pichai reportedly replied. “Fun hasn’t always been – we shouldn’t always equate fun with money. I think you can get into a startup that works hard and people can have fun and that shouldn’t not always be synonymous with money.

“How can I tell? the CEO reportedly said when discussing the issue. “Listen, I hope you all read the news, from the outside. The fact that you know that we are a little more responsible in one of the most difficult macroeconomic conditions of the last decade, I think it is important that as a company we stick together to get through times like this.

The company said The Independent Mr. Pichai used the conversation forum to celebrate Google employees and promote key strategic initiatives.

“Sundar has spoken to the company regularly over the past few months about ways to be more focused,” a spokesperson said in a statement. “On Tuesday, he reinforced what we have discussed previously as a company: that we are in a moment of uncertainty. That our leaders are striving to be accountable and effective in everything their teams do – that it’s about being accountable when it comes to travel or events, or making sure our people are working on the most impactful/highest priority work.

The company faces a number of challenges, ranging from the impacts of the pandemic to runaway inflation.

In July, Google announced its slowest pace of revenue growth over the past two yearsas advertisers pulled back during the pandemic over fears of a recession.

Alphabet, the holding company of Google, continues to generate revenues and profits. Revenue was up 13% from the same period last year and profit was $16 billion, although the latter figure was down 14% from a year ago.

After the results were announced in July, Mr. Pichai challenged employees in an internal memo being “more enterprising” and showing “greater urgency, sharper focus and more hunger than we showed on the sunnier days”.

That same month, the company announced a “Simplicity sprintwhich CEP said was a response to “real concerns that our productivity as a whole is not where it should be for the number of employees we have.”

This year, the company laid off 100 Google cloud workers, canceled the planned release of its next-generation Pixelbook laptop, and cut parts of Area 120, its internal research incubator.

The Independent Gt

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button