A CEO who made almost a quarter of a billion dollars last year is pushing for job cuts.
“Google CEO Sundar Pichai is warning employees that more job cuts are coming this year as the company continues to shift investments toward areas like artificial intelligence.
In a memo titled ‘2024 priorities and the year ahead” that staffers received Wednesday evening, Pichai said, ‘we have ambitious goals and will be investing in our big priorities this year.’ In the memo, which was obtained by CNBC, Pichai said company leadership is gearing up to share its AI goals for the year this week and will publish its 2024 OKRs (objectives and key results).
‘The reality is that to create the capacity for this investment, we have to make tough choices,’ Pichai wrote. For some teams that means eliminating roles, which includes ‘removing layers to simplify execution and drive velocity,’ he added.”
For the rest of the story, visit CNBC here.
