Google CEO hopes to make the company 20% more efficient with potential cuts
The CEO of Google and Alphabet, Sundar Pichai, wants to make the company 20% more efficient. This could result in a variety of changes – including cuts to their workforce.
Ahead of a downturn, Pichai plans to make Google run more efficiently by allocating the company’s resources properly. The company has relied heavily on the expansion of ad spending, but is ready for any changes coming.
The more we try to understand the macroeconomic, the more uncertain we feel. Macroeconomic performance is correlated with different variables such as advertising spend, consumer spend and more.
Despite this, Pichai acknowledged that there is a shortage of people with certain skills at Google.
With fewer resources, we prioritize so employees can be productive. We spend time on technological advancements and use it to eliminate some tasks.
CEO Scott Kroetsch said that to be more efficient, the company is launching a new project called Simplicity Sprint. The goal of this project is to focus the company and get better results faster.
According to this company, “executives acknowledged at the time” that there was a growing bureaucracy in the early months of the year.
Google’s CEO had an insightful idea- by making 20% more productive, the company will be able to generate better and more products.
Pichai used YouTube Music as a past example of how AI could merge music services together.
In another example, he has outlined the productivity improvement as a result of reducing the number of people who need to be consulted in most decision-making processes by 20%.
Google’s human resources chief said that the company isn’t looking to make any cuts at this time. However, she can’t say what may happen in the future.
Partners on the HBO show, “Silicon Valley” coined a term that Google employees often use. It is called rest and vest.
“Silicon Valley” which referred to a Google-like company called Hooli.
Pichai said he never watched the popular show because it was too close to home and you watch TV to relax.