Google’s Pichai Tells Staff Cuts Avoided ‘Much Worse’ Problems
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Google’s Pichai Tells Staff Cuts Avoided ‘Much Worse’ Problems
(Bloomberg) -- Google’s chief executive officer told employees that cuts were made in a bid to act decisively as the company’s growth slowed.
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In an internal meeting, Sundar Pichai, who is CEO of Google parent Alphabet Inc., said he had consulted with the company’s founders and board in making the decision for 6% cuts, according to remarks reviewed by Bloomberg.
“If you don’t act clearly and decisively and early, we can compound the problem and make it much worse,” Pichai said. “These are decisions I needed to make.”
Google said on Friday that it would cut about 12,000 jobs, becoming the latest tech giant to retrench after years of abundant growth and hiring.
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