Sundar Pichai, CEO of Alphabet and Google, was removed from his position after announcing the largest round of layoffs in the company’s history. Pichai defended layoffs and fielded questions from workers and management during a City Council meeting.
Pichai and other Google officials go through the decision to lay off 12,000 workers at length during the meeting. Pichai said that he had also spoken to Sergey Brin and Larry Page, Google’s co-founders and stockholders, as well as members of the board.
According to Pichai, 2021 was the best year in Google’s history, with revenues increasing by 41%. Pichai has expressed optimism that Google’s rapid expansion can be maintained by adding staff.
According to CNBC, who listened to a tape of the meeting on the 24th. /January 2023), Pichai said City Council, “In this environment, we’ve taken a series of judgments that might be correct if the trend continues.”
He warned that the corporation would fall behind in a number of areas if it did not immediately begin recruiting more people. Contrarily, it seems that Google’s management is struggling due to an excess of employees as economic circumstances worsen.
Executives from Google have said that 750 high-ranking employees were responsible for the layoffs. Terminating an employee is another time-consuming process that might take weeks to complete.
Chief of Staff Fiona Chiconi from Google has said that numerous factors go into deciding an employee’s destiny. Productivity indicators, experience, and suitable skillsets for positions where connections and experience matter are all part of the picture. Along with expected sales volume and past results.
Pichai has said that Google would reduce CEO pay and incentive payments in addition to laying off employees. He announced that the yearly bonus for all SVPs will be drastically cut.
“Your age will increase your performance bonus. A drop in your capital bonus due to poor performance, “Pichai said.