Google CEO Sundar Pichai has hinted at further layoffs as he wants the company to be 20% more efficient. This comes just a few weeks after Google executives allegedly threatened to fire staff members if the company’s next quarterly earnings did not meet expectations, saying “there will be blood on the streets” in that case.
Pichai stated that he hopes to make the company 20% more efficient as the company is dealing with issues like the economy’s difficulties and rapid hiring over many years. According to a CNBC report, Pichai discussed the company’s plans to be more efficient amid economic unpredictability and a general slowdown in ad spending while speaking at the Code Conference in Los Angeles.
On Tuesday, Google CEO Sundar Pichai said, “The more we try to understand the macroeconomic, the more uncertain we feel about it. The macroeconomic performance is correlated to ad spend, consumer spend, and so on.” The Alphabet CEO acknowledged that the company had gotten “slower” due to its increased employee count but added that he had no control over macroeconomic factors.
He said, “We want to ensure that as a business, when you have fewer resources than before, you are prioritising all the right things to be working on and your employees are really productive that they can have an impact on the things they’re working on, so that’s what we are spending our time on.”
At the event, Pichai admitted that his company “can be slower to make decisions across everything they do.” He continued, you must consider the entire process and determine how to increase the company’s productivity by 20%.
Pichai gave specific examples of how he intends to move forward with this. He also gave examples of how Google Play Music and YouTube Music were combined into a single product. Another example he gave was that “there are times when there are areas to improve [where] you have three people making decisions, understanding that and bringing it down to two or one improves efficiency by 20%.”
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