At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.
At an all-hands meeting last week, Google employees questioned leadership about cost cuts, layoffs and "morale" issues following the company's better-than-expected first-quarter earnings report.
The internal strife continues despite Alphabet's better-than-expected first-quarter earnings report, in which the company also announced its first dividend as well as a $70 billion "To many people, there's a clear disconnect between spending billions on stock buybacks and dividends and re-investing in AI and retraining critical Googlers," the post said.
"The problem is a couple of years ago — two years ago, to be precise — we actually got that upside down and expenses started growing faster than revenues," said Porat, whonearly a year ago that she would be stepping down from the CFO position but hasn't yet vacated the office. "The problem with that is it's not sustainable."Google's core business challenges, saying "things are not like they were 15 to 20 years ago," and urged employees to work faster.
By contrast, distributing cash to shareholders is not considered an expense on the balance sheet, she said, adding that the board has a fiduciary duty to consider such measures. Buybacks and dividends don't replace investments in AI, Porat said."I think you almost set the record for the longest TGIF answer," he said. Google all-hands meetings were originally called TGIFs because they took place on Fridays, but now they can occur on other days of the week.
Technology Breaking News: Technology Google Alphabet Inc Internet Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google Announces New Axion Processor for Data Centers at Google Cloud Next 2024Google Cloud Next 2024 kicks off with the announcement of Google's new Axion processor, the company's first Arm-based CPU designed for data centers. Axion outperforms other Arm-based tools in the cloud and offers better energy efficiency compared to x86-based VMs. This move puts Google in competition with Amazon's Arm-based CPUs for data centers.
Read more »
Google Introduces Google Vids: An AI-Powered Video Creation App for WorkGoogle has announced Google Vids, a video creation app for work that uses AI to generate storyboards, scripts, music, and voiceovers. The app aims to make video creation more accessible and easier for everyone in the workplace.
Read more »
Google announces new app, Google Vids, for simple video creation within WorkspaceJohanna 'Jojo the Techie' is a skilled mobile technology expert with over 15 years of hands-on experience, specializing in the Google ecosystem and Pixel devices. Known for her user-friendly approach, she leverages her vast tech support background to provide accessible and insightful coverage on latest technology trends.
Read more »
Google Reveals Powerful Free Google Photos Upgrade, But There’s A CatchI’ve been working as a technology journalist since the early nineties. My passion is photography and the ever-changing hardware and software that we use to create it, be it traditional cameras and Photoshop or smartphones and tablets with their numerous apps.
Read more »
Google Provides Free Access to AI-Powered Editing Tools in Google PhotosGoogle is offering its AI-powered editing tools, including Magic Eraser, Photo Unblur, and Portrait light, to Google Photos users for free. Previously, these features were only available through a paid subscription. The tools can now be accessed on computers with more than 3GB of RAM, Chromebook Plus, Android devices running version 8.0 or later, iOS devices running version 15 or later, and Pixel tablets.
Read more »
Google Makes AI Photo Editing Features Available to All Google Photos UsersStarting May 15th, just about all Google Photos users will be able to access features previously limited to Pixel owners and Google One subscribers. Magic Editor, Google's generative AI photo editing tool, will be available to any Google Photos user with an Android or iOS device that meets the minimum requirements, without a Google One subscription. Pixel owners and paid subscribers will have unlimited use of the features.
Read more »