The cost-cutting measures have reportedly left many employees on edge and have been criticized by some current and former employees for the company's handling of the job cuts. Meanwhile, Google is pouring more resources into its competition with Microsoft-backed OpenAI to develop advanced AI systems. Pichai is set to field questions from employees at an all-hands meeting later this month.
Key takeaways:
- Google's CEO, Sundar Pichai, has identified 'durable cost savings' as a key goal for the company in 2024, which has led to renewed rounds of layoffs across multiple parts of the company.
- The company has already confirmed layoffs including several hundred job cuts on its ad sales team and more than 1,000 combined workers in other units, including its core engineering team and the hardware division.
- Despite the layoffs, Google's top goal is to 'deliver the world’s most advanced, safe, and responsible AI', and the company is also focusing on boosting innovation through Google Cloud services and building 'the most helpful personal computing platforms and devices'.
- The cost-cutting measures have come as Google invests more resources into its competition with Microsoft-backed OpenAI to develop advanced AI systems.