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| Google CEO Sundar Pichai says there will be more layoffs in 2024 |
“We have ambitious goals and will invest in big priorities this year,” Pichai wrote in a note titled “Prioritizations for 2024 and Beyond” sent to Google employees on the afternoon of January 17. The leadership team is ready to share its AI goals this week and will announce the results of the goals and key results for the year.
“The reality is that to drive this investment, we have to make hard choices,” Pichai wrote. For some teams, that means eliminating positions, including “removing layers to simplify execution and accelerate speed.”
Google CEO Pichai’s latest message continues the company’s efforts to cut costs, following a series of layoffs that began in January 2023, when Google announced it would cut 12,000 jobs, or about 6% of its full-time workforce. Google has also cut some perks, laptops, and equipment.
Entering the new year 2024, Google also laid off hundreds of employees in areas such as engineering, hardware and advertising. However, Mr. Pichai said the cuts would not be as severe as last year and not all departments would be affected.
Shares of Google parent Alphabet are up 58% in 2023, in line with the broader tech trend, thanks in part to excitement around artificial intelligence (AI). Revenues returned to double-digit growth in the third quarter, helped by a rebound in the digital advertising market.
Last month, Google released its most powerful AI model, Gemini. In some tests, Gemini even outperformed OpenAI’s GPT-4 model, the developer of the ChatGPT chatbot.
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