Google tells staff to act 'more entrepreneurial.' Translation: Work harder, or e...
source link: https://finance.yahoo.com/news/google-tells-staff-act-more-031850473.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Google tells staff to act 'more entrepreneurial.' Translation
S&P Futures
3,824.00+0.25(+0.01%)Dow Futures
30,958.00-8.00(-0.03%)Nasdaq Futures
11,795.25+16.25(+0.14%)Russell 2000 Futures
1,728.60-0.10(-0.01%)Crude Oil
96.87+1.03(+1.07%)- 1,723.10-1.70(-0.10%)
Silver
18.91-0.05(-0.28%)EUR/USD
1.0015-0.0018(-0.1794%)10-Yr Bond
2.95800.0000(0.00%)- 27.42+1.25(+4.78%)
GBP/USD
1.1900+0.0015(+0.1287%)USD/JPY
137.1000+0.2780(+0.2032%)BTC-USD
19,724.92-28.17(-0.14%)CMC Crypto 200
422.06-5.32(-1.24%)FTSE 100
7,156.61-53.25(-0.74%)Nikkei 225
26,478.77+142.11(+0.54%)
Google tells staff to act 'more entrepreneurial.' Translation: Work harder, or else
Sundar Pichai, boss of Google and its parent Alphabet, told employees to "be more entrepreneurial" and work with "more hunger" in a staff-wide email that warned of consolidation, several news outlets reported.
Citing the "uncertain global economic outlook," the CEO said Google would slow its hiring pace for the second half of 2022. Google brought on a whopping 10,000 workers during the second quarter, per Pichai. The chief Googler went on to say the company would consolidate "where investments overlap" and streamline its processes. Effectively, Google is calling on its staff to work harder, or else.
Tech companies of all shapes and sizes have laid off workers in the face of a looming recession. That includes Google, Microsoft, Tesla and other corporate giants, as well as comparatively much smaller businesses like Bird, Rivian and Coinbase. Pichai's memo did not mention layoffs, but phrases like "streamlining" and "consolidating" tend to evoke such things.
Alphabet, for its part, did not immediately respond to a request for comment on the memo. Its first-quarter net profit swooned 8% year over year to $16.44 billion. The company will report its second-quarter earnings on July 26.
- Fortune
Many people who join the Great Resignation regret it, and it means bosses can take back power
When the rose-colored glasses of the Great Resignation fade, the new job doesn’t always look as promising, a new Joblist report finds.
13h ago - The Wall Street Journal
Google to Slow Hiring for Rest of This Year
Chief Executive Sundar Pichai tells employees in memo to be “more entrepreneurial” as search giant becomes the latest tech company to either pull back on new hires or trim staff.
7h ago - Reuters
San Francisco reaches $58 million opioid settlement with Teva, Allergan
Teva Pharmaceutical Industries and AbbVie's Allergan unit on Tuesday reached a $58 million settlement with the city of San Francisco just before completion of a trial over claims that they fueled an opioid epidemic in the city. Under the deal announced by City Attorney David Chiu, Israel-based Teva will pay $25 million in cash and contribute a $20 million supply of the overdose-reversal drug Narcan. AbbVie will pay $13 million.
18h ago - Barrons.com
Microsoft Isn’t Immune to a Potential Recession, Morgan Stanley Warns
Analyst Keith Weiss says Microsoft's consumer-facing businesses are likely to slow in a downturn. He remains long-term bullish.
16h ago - MarketWatch
Google plans to scale back hiring this year: report
Joining a long list of tech firms, Alphabet Inc.'s Google intends to reduce hiring for the rest of 2022 with the threat of recession, company Chief Executive Sundar Pichai said in an email to staff Tuesday. "Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we've shown on sunnier days," Pichai wrote in an email viewed by Bloomberg. "In some cases, that means consolidating where investments overlap and streamlining processes." Go
8h ago - Investor's Business Daily
IBD Screen Of The Day: Mutual Funds Are Buying These Energy Stocks
Today, medical and energy stocks continue to be bought by mutual funds. This screen tries to identify stocks that mutual funds are buying or adding to their holdings. It compares other proprietary criteria found in MarketSmith, including Earnings Per Share Rating, Composite Rating, Relative Strength Rating and Sponsorship Rating.
18h ago - NBC News
Cheney says Trump called a Jan. 6 committee witness after its last hearing
Former President Donald Trump called a witness in the Jan. 6 committee probe after the panel's last hearing, Rep. Liz Cheney, R-Wyo., said Tuesday.
9h ago - Bloomberg
Twitter Hits Back at Musk, Suing to Force $44 Billion Buyout
(Bloomberg) -- Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined.Most Read from BloombergFresh US Inflation Peak to Keep Fed on Aggressive Rate PathElon’s OutJan. 6 Panel Maps Path From ‘Wild’ Trump Tweet to Capitol AttackNYC Prepares for the ‘Big One’ With Nuclear Attack PSA VideoMillions of Americans Regret the Great ResignationLawyers for Twitter told a Delaware judge that the world’s richest
8h ago - TechCrunch
Battery recycling could be the next investor darling of the EV era
Automakers and suppliers, keen to fortify an EV supply chain and avoid raw materials shortages, are turning to a domain once overlooked: battery recycling. Suddenly awash in interest from EV makers and venture firms, the sector has seen a spate of partnerships and funding deals in the past 18 months. The momentum appears to be building, as investor appetite in battery recycling intensifies, said Alex Smout, principal at InMotion Ventures, Jaguar and Land Rover’s venture capital arm whose portfolio includes Ascend Elements, formerly known as Battery Resourcers.
2d ago - KTLA - Los Angeles
Video appears to show detainee being beaten by Los Angeles deputies
A leaked video showing Los Angeles County Sheriff’s Deputies beating on a detainee is the latest controversy surrounding the embattled law enforcement department.
13h ago - MarketWatch
Asian markets advance ahead of U.S. inflation data
Asian stock markets rose Wednesday as investors waited for U.S. inflation data some worry might lead to more interest rate hikes.
4h ago - TechCrunch
Amazon gives Dash Cart a makeover and brings the shopping tech to Whole Foods
While Prime Day deals flood our notifications, the retail team at Amazon announced a revamped Dash Cart with new conveniences and technology upgrades for shoppers to further enjoy the excitement that is purchasing groceries. The cart will also now be featured in select Whole Foods Market stores. The most notable updates include the ability to carry more groceries, changes to the software on the touchscreen and that shoppers can now wheel the cart to their cars.
10h ago - TheStreet.com
PepsiCo's Many Troubles Now Have Me Focused on Coca-Cola
Sarge fave PepsiCo batted lead-off for the season on Tuesday morning. For the second quarter, the global purveyor of soda pop and salty snacks posted adjusted EPS of $1.86 $1.03 on revenue of $20.225B. PepsiCo beverages North America experienced a 0.01% sales decline to $6.12B, producing operating profit of $651M (-19.5%).
18h ago - NBC News
Covid hospitalizations double since May, driven by BA.5
Hospitals across the country are bracing for another surge in Covid-19 patients as the highly contagious omicron subvariant BA.5 sweeps the nation. “Statewide,
11h ago - The Wall Street Journal
Microsoft and Gopuff Are Latest Tech Firms to Cut Jobs
Microsoft is cutting a small percentage of its staff, the latest in a string of layoffs by high-profile tech companies. The software maker said it is cutting a number of positions, affecting less than 1% of its total workforce. Microsoft, which employed about 181,000 people as of June 2021, is making the cuts as a part of a regular adjustment at the start of its fiscal year, a spokesman said.
13h ago - TechCrunch
Microsoft lays off a portion of its workforce as part of a 'realignment'
Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty. Bloomberg reports that the Redmond firm is "realigning business groups and roles" after the close of its fiscal year (on June 30), even as the company intends to grow its headcount in the coming months. The layoffs reportedly affect less than 1% of Microsoft's 180,000-person workforce and follow no clear pattern with respect to geography or product division, touching on teams including customer and partner solutions and consulting.
15h ago - MarketWatch
U.S. June inflation report circulating on internet Tuesday is fake, Bureau of Labor Statistics says
The U.S. Bureau of Labor Statistics said Tuesday that a release circulating online purporting to show June inflation data, due for release on Wednesday morning, was a forgery.
7h ago - TechCrunch
TechCrunch+ roundup: Pricing strategy, technical due diligence, pitch deck appendix fever
Inflation is at a 40-year high in the U.S., but a 23-ounce can of AriZona iced tea still costs 99 cents. Founder and CEO Don Vultaggio says he plans to keep the price where it's been since he launched the company 30 years ago. Unlike soft drinks, startups are not a volume business, and early-stage companies must revisit their pricing models regularly.
14h ago - American City Business Journals
Small Deposits: Vanguard settles lawsuit; Local wealth advisors merge
A subsidiary of Vanguard Group has agreed to pay $6.25 million to settle a lawsuit; Montgomery County wealth management firm makes a deal; and Univest picks branch locations for Baltimore and Pittsburgh.
5h ago - Engadget
Rivian reportedly plans to lay off around five percent of its workforce
The company has been growing too quickly in some areas, according to Bloomberg.
1d ago - Yahoo Finance
Some beaten-down tech stocks are now 'outright cheap': JPMorgan
Tech stocks have been hammered this year, but some strategists think now is looking like the time to take a chance on some of these names.
19h ago - American City Business Journals
Tampa's Caspers Company to sell its McDonald's franchises
Tampa-based Caspers Company, the largest McDonald's franchisee in Florida, is selling its business to the fast-food behemoth. Caspers will sell all of its franchises to McDonald's (NYSE: MCD) on Oct. 1, following a trend of the company buying out its large franchisees. Caspers is one of Tampa Bay's largest employers, with over 3,000 local and 3,600 total employees, according to Tampa Bay Business Journal research.
19h ago - SmartAsset
How a New Supreme Court Decision Could Help You Save For Retirement
A recent Supreme Court decision could result in improved options in your retirement plan. The court sided with Northwestern University employees who alleged the university's retirement plans had excessively high fees and simply too many options. In a six-page opinion … Continue reading → The post How a New Supreme Court Decision Could Help You Save For Retirement appeared first on SmartAsset Blog.
12h ago - Barrons.com
The Oil Crisis Isn’t Over, IEA Says. Why Prices Are Falling.
IEA executive director Fatih Birol warns that the worst of the global energy crisis has yet to come.
18h ago - Bloomberg
Twitter Lawyers Say They Can Prevail Over Musk in Just Four Days
(Bloomberg) -- Twitter Inc. wants a lightning-quick trial to resolve its claim that billionaire Elon Musk wrongfully canceled his proposed $44 billion buyout of the social-media platform.Most Read from BloombergFresh US Inflation Peak to Keep Fed on Aggressive Rate PathElon’s OutJan. 6 Panel Maps Path From ‘Wild’ Trump Tweet to Capitol AttackNYC Prepares for the ‘Big One’ With Nuclear Attack PSA VideoMillions of Americans Regret the Great ResignationLawyers for the San Francisco-based company sa
7h ago - Reuters
Apple has ended consulting deal with former designer Jony Ive - NY Times
Apple Inc has ended a consulting deal with former design chief Jony Ive, the New York Times reported https://www.nytimes.com/2022/07/12/technology/apple-jony-ive-end-agreement.html on Tuesday. Citing sources, the newspaper reported that Ive's contract had come up for renewal and the parties agreed not to extend it. Ive, who left Apple in 2019, was a close confidant of the late Chief Executive Steve Jobs and spearheaded design work on the company's candy-colored Mac computers and the iPhone.
10h ago - Yahoo Finance Video
American Airlines reiterates its earnings outlook for Q2, stock pops
Yahoo Finance anchors discuss American Airlines reiterating its earnings outlook for Q2.
18h ago - Yahoo Finance
There's good news from the Biden White House on gas prices
White House officials say gas prices could soon drop by another 50 cents per gallon.
13h ago - Bloomberg
Markets Plan Doomsday Scenarios If Russia Turns Off the Gas
(Bloomberg) -- European stocks plunging 20%. Junk credit spreads widening past 2020 crisis levels. The euro sinking to just 90 cents.Most Read from BloombergFresh US Inflation Peak to Keep Fed on Aggressive Rate PathElon’s OutNYC Prepares for the ‘Big One’ With Nuclear Attack PSA VideoStocks Swoon as Treasuries Sound Recession Alarm: Markets WrapBiden Administration to Again Extend the Covid Public-Health Emergency The predictions are ominous for financial markets if Russia cuts off all the gas
19h ago - Benzinga
Mullen Shares Pop On Cargo Van Deal With Amazon Delivery Services Partner DelPack
Mullen Automotive Inc (NASDAQ: MULN) has signed a binding agreement with DelPack Logistics LLC (DPL) for cargo vans. DelPack is an Amazon.Com, Inc.(NASDAQ: AMZN) Amazon Delivery Service Partner. Under the agreement, DPL will purchase up to 600 Mullen Class 2 EV cargo vans over the next 18 months. The 600 Class 2 EV Cargo Vans will be fully homologated for the U.S. The first 300 fully homologated for the U.S. Mullen Class 2 EV Cargo Vans can be delivered to DPL by Nov. 30, 2022. "DelPack is a lea
2d ago - Yahoo Finance
Economist: 'We will see some relief' from inflation pressures
Inflation is expected to hit a 41-year high on Wednesday, but one economist thinks we'll see some relief as commodity prices trend lower.
12h ago - Yahoo Finance Video
Canoo stock skyrockets after Walmart orders fleet of electric vehicles
Yahoo Finance's Julie Hyman discusses why Canoo stock is spiking on Tuesday.
18h ago - Yahoo Finance Video
Travel: Staffing issues in Europe are leading to major chaos at airports
David Slotnick, senior aviation reporter at The Points Guy, joins Yahoo Finance Live to explain why there's so much chaos for those traveling within Europe and how some airports are responding.
11h ago - MarketWatch
‘Scary times’: Builders are slashing home prices and slowing construction as buyers pull back, survey shows
A proprietary survey by John Burns Real Estate Consulting reveals a broad slowdown in business for home builders.
17h ago - Bloomberg
Microsoft Cuts Jobs in Structural Adjustment, Plans More Hiring
(Bloomberg) -- Microsoft Corp. cut some jobs on Monday as it realigned business groups and roles after the close of its fiscal year on June 30. It said it plans to keep hiring for other roles and finish the current fiscal year with increased headcount.Most Read from BloombergFresh US Inflation Peak to Keep Fed on Aggressive Rate PathElon’s OutJan. 6 Panel Maps Path From ‘Wild’ Trump Tweet to Capitol AttackNYC Prepares for the ‘Big One’ With Nuclear Attack PSA VideoMillions of Americans Regret th
1d ago - SmartAsset
Seniors, Having This Income Could Reduce Your Social Security Benefits
If someone receiving Social Security benefits earns money by working, the Social Security Administration may reduce the amount of that person's benefits. This only affects people who start taking benefits before reaching full retirement age. And only income earned from … Continue reading → The post What Income Reduces Social Security Benefits? appeared first on SmartAsset Blog.
15h ago - Investor's Business Daily
Is Google A Buy Or Sell As Stock Split Approaches?
Here's what a fundamental and technical analysis says about buying Google stock amid rising fears of a U.S. recession.
19h ago - Yahoo Finance Video
Volta CCO explains how Kroger partnership helps EV charging ‘fit seamlessly’ into everyday life
Brandt Hastings, chief commercial officer for Volta, joins Yahoo Finance Live to discuss the company's new partnership with Kroger and why it's important to expand access to EV charging stations. Also, Canoo stock climbs after Walmart orders 4,500 EVs for last mile delivery.
12h ago - Oilprice.com
Commodity Rout Erases 1.2 Trillion In Mining Stock Value
The commodity supercycle which saw key metals skyrocket in recent years may be coming to an end as recession fears begin to weigh on demand
10h ago - Investor's Business Daily
Artificial Intelligence Stocks To Buy And Watch: AI Software Market Booms
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
2d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK