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TechCheck

CEO says more jobs cuts are needed in 2024 01/18/24

TechCheck

CNBC

Faang, Business, Cnbc, Management, Investing, Disruptors, Tech, Technology

4.566 Ratings

🗓️ 18 January 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

More layoffs at Google. CEO Sundar Pichai warns that more cuts are coming as the company gears up for its AI goals… Plus why some private companies are acting like public companies.

Transcript

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0:00.0

More layoffs at Google, has the year of

0:01.9

efficiency made way for the year of the AI workforce,

0:05.4

plus private companies acting like public one.

0:08.2

It is Thursday January 18th.

0:11.6

Welcome to the Tech Check Podcast.

0:13.3

I'm dear D'Ribosa with a very special guest today.

0:17.4

Mark Gilbert is off.

0:18.8

Producer Laura Bachelor, my partner in crime.

0:21.4

Hey, I'm so excited to be here.

0:23.5

I had to twist her arm to get here, but she has so much to say on these topics, so let's

0:30.1

get right into it.

0:31.1

A few topics to dig into.

0:32.8

Yeah, I wanted to start today with the Google layoffs.

0:36.2

It's not the first this year.

0:37.6

And CNDC digital reporter Jennifer Elias

0:41.1

obtained the memo from CEO Sunderb Bertai telling employee off that more layoffs are coming.

0:46.5

Which is kind of a reversal of last year when a lot of Wall Street said like Google needed to do more and I think there's just this perception here in Silicon Valley that

0:56.7

Google has gotten pretty fat right there was like the story also from Jennifer Elias last year that they laid off masseusus and people were like what they had masseusus on staff

1:06.9

so it was really criticized for moving too slowly especially during this year of efficiency

1:11.3

when others like Meta, like Amazon,

1:14.7

were making larger cuts.

1:17.4

But this year, Laura, no mega cap is cutting

...

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