#Google CEO Sundar Pichai grilled over possible layoffs

#Google CEO Sundar Pichai grilled over possible layoffs

“Google CEO Sundar Pichai grilled over possible layoffs” Google CEO Sundar Pichai refused to rule out layoffs when pressed on the topic by anxious employees during an all-hands meeting, according to a report. Pichai fielded questions from employees on Thursday, including one who wondered whether there were plans to “cull” the company workforce sometime next…

Read More
#Google parent Alphabet urged to cut costs by hedge fund TCI

#Google parent Alphabet urged to cut costs by hedge fund TCI

“Google parent Alphabet urged to cut costs by hedge fund TCI” Activist investor TCI Fund Management on Tuesday called on Alphabet to cut costs and take aggressive action, saying the Google parent has too many employees and should increase share buybacks. “The company has too many employees and cost per employee is too high,” the hedge fund said in a letter to…

Read More
#Google to pay 0M to settle location-tracking suit: report

#Google to pay $400M to settle location-tracking suit: report

“Google to pay $400M to settle location-tracking suit: report”  Alphabet’s Google will pay $391.5 million to settle allegations by 40 states that the search and advertising giant illegally tracked users’ locations, the Michigan Attorney General’s Office said Monday. The investigation and settlement, which was led by Oregon and Nebraska, is a sign of mounting legal headaches for…

Read More
#Alphabet’s Google posts higher quarterly revenue

#Alphabet’s Google posts higher quarterly revenue

“Alphabet’s Google posts higher quarterly revenue” Alphabet on Tuesday barely missed estimates for quarterly revenue, showing that its industry-leading Google search and advertising business may be able to withstand big countries potentially going into recession over the next year. Shares of Alphabet rose 3.5% in after-hours trading. Alphabet reported second-quarter revenue of $69.69 billion, 13% higher than the…

Read More
#Google offers concessions to avoid antitrust lawsuit: report

#Google offers concessions to avoid antitrust lawsuit: report

“Google offers concessions to avoid antitrust lawsuit: report” Alphabet’s Google has offered concessions to avoid a potential US antitrust lawsuit against its advertising technology business, the Wall Street Journal reported Friday, citing people familiar with the matter. Google has proposed spinning off parts of its business that auctions and places ads on websites and apps into a…

Read More