Google CEO tells employees to expect more job cuts this year.::In an internal memo, Google CEO Sundar Pichai said recent layoffs are about “removing layers to simplify execution and drive velocity in some areas.” He warned that more are coming.
“Sorry guys, we’re doing better than ever with record profits and massive growth, we’re going to have to let you go”
This is too painfully accurate to be funny
Record profits, time to do layoffs. :)
https://searchengineland.com/google-search-ad-revenue-q2-2023-433633
It’s time to unionize
“We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me. “The reality is that to create the capacity for this investment, we have to make tough choices.”
Surely Alphabet will make the tough choice to cut CEO pay, right? lololololol I crack myself up sometimes…
They could, but even if they cut it to 0, assuming going from $226 million compensation (number I found for 2022, most of which by far is stock), and median employee costing $300k (I found a number around $270k median total comp, but the total cost is higher), that makes room for about 750 additional employees. Google has about 150k employees, so I think they’re laying off more than that. Of course there are other highly paid people in other top positions there too, but the thing about a CEO is, you only need one of them. If we would only consider cash, the number of employees would be much smaller.
Yes, cutting the CEO’s pay won’t prevent layoffs. Excellent work, detective. That was definitely the aim of my comment and not a simple matter of principle.
I often wonder if we actually do need one of them
Every asshole CEO is betting that AI will magically fill the gap when he gets rid of Karen in accounting.
And the stupid fuckers are dead wrong. No one even knows what Karen does, but they will ask someone like me to “real quick use AI to replace it”.
Yes, Dave. I’ll give it a try. I know it’s a waste of time and money, but you’re paying for my time and it’s your money we’re wasting. So let’s have at it!
Then you’ll try to lecture me about how I should have had the foresight to prevent you from needing to hire a whole division to replace Karen.
Except you never get that chance, because you’re a cheap skinflint, and I’m only hearing about your firing through the rumor mill, because I left for more money over a year before your dumbass shit hit the fan - and I blocked your number when I left.
This will not save Google any money. But they don’t give a shit, it’s a pump and dump scam to maximize their sale of stock next quarter. Because they’re already using DuckDuckGo as well.
I don’t obsess over Japanese culture like so many weabs on the internet, their grind culture is insane, but I have mad respect for their CEO’s when it comes to taking accountability. Why are so many other nation’s CEOs so selfish? Why do they need to make more money than they already have?
Why are so many other nation’s CEOs so selfish?
Because Japan has a culture of honor.
The rest of the world is built around opportunity.
It’s why Japanese companies made better products than everyone else for so long. They actually cared about what they did and raised standards for everyone else.
Google is so broken that people are choosing to use a chatbot that often makes things up instead, and they think they have too many people fixing stuff.
Any grunt who works for these companies gets exactly what they deserve.
