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Google chooses profit over staff

by on13 May 2024

It is the American way

The company, which used to brag that it did no evil, is facing complaints from its staff that it is making killer profits without giving them any extra cash.

Google's recent performance has been nothing short of remarkable, with its earnings report catapulting its market value to a staggering $2 trillion. This surge in value is a testament to the company's financial prowess.

During a company-wide meeting, employees confronted the top executives, Sundar Pichai and Ruth Porat, with questions that echoed their concerns. They questioned the absence of their share in the company's success in their paychecks and expressed their frustration over the prolonged belt-tightening.

Before the meeting, someone posted, "We've noticed a significant decline in morale, increased distrust and a disconnect between leadership and the workforce. How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?"

Ironically Google's got AI sifting through what everyone's saying to sum it up for the forum.

Staff are getting fed up with working for an outfit that told them to come back to the office after the pandemic, made deals to flog tech to the military, slashed perks, and made shedloads of layoffs—we're talking over 12,000 last year. Plus, all the other penny-pinching started when the cash flow got tight. People are feeling the pinch, with more work, less help, and not much chance to move up the ladder.

But Alphabet's raking it in and even announced their first-ever dividend and a massive $70 billion buyback, the mood's still a bit sour. One of the top questions from the staff was, "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases. When will employee compensation fairly reflect the company's success and is there a conscious decision to keep wages lower due to a cooling employment market?"


Last modified on 13 May 2024
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