Get the latest tech news

Google employees question execs over ‘decline in morale’ after blowout earnings

At an all-hands meeting last week, Google executives responded to employee questions about declining morale even with financial performance improving.

Google's business is growing at its fastest rate in two years, and a blowout earnings report in April sparked the biggest rally in Alphabet shares since 2015, pushing the company's market cap past $2 trillion. But at an all-hands meeting last week with CEO Sundar Pichai and CFO Ruth Porat, employees were more focused on why that performance isn't translating into higher pay, and how long the company's cost-cutting measures are going to be in place. Pichai, who replaced Google co-founder Larry Page as CEO of Alphabet in 2019, has taken his share of criticism of late for his messaging to the workforce as well as his lofty pay package, which swelled to $226 million, including stock awards, in 2022.

Get the Android app