In an attempt to explain why the company had laid off 12,000 employees , Sundar Pichai, the CEO of Google’s parent company, Alphabet, said executives decided to slash jobs after a "rigorous review" of Google’s internal structures and organization. Pichai suggested that the company "hired for a different economic reality" than the one it faced and that the layoffs were necessary to set Google up for the future . But while Pichai, who made $280 million in compensation in 2019 , said he took "full responsibility for the decisions that led us here," he failed to elucidate those choices. He didn’t mention that during his time at the helm Google has been hit with billions of dollars’ worth of antitrust fines , been left in the dust by OpenAI’s ChatGPT despite "pivoting the company to be AI-first," and seen its core search product get steadily worse . And though Pichai later said at a company town hall that "all roles above the senior-vice-president level will witness a very significant reduction in their annual bonus," including his own , the vast majority of the pain from his missteps seemed to fall squarely on the shoulders of the 12,000 people who […]
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