Speaking at the Code Conference in the US, Pichai said the more the company tries to understand macroeconomic conditions, it feels very insecure about it.
“The macroeconomic performance is correlated with ad spend, consumer spending and so on,” he told the audience.
“We recently shared that Area 120 will shift its focus to projects that build on Google’s deep investment in AI and have the potential to solve key user issues. As a result, Area 120 is halting several projects to make way for new ones. work,” said a Google spokesperson.
Affected team members “will receive dedicated support as they explore new projects and opportunities at Google,” the spokesperson added.
Area 120 has launched several products such as game platform GameSnacks, an AirTable rival called Tables, an AI-powered conversational advertising platform
Google has suspended hiring new employees and has reportedly ordered some existing employees to “fix up or leave” if expectations aren’t met.
As big tech companies lay off workers in the global economic downturn, Google executives have reportedly warned employees to either improve performance or prepare to leave because “blood will flow in the streets” if next quarter results don’t. be good.
In a company statement reviewed by Insider, the Google Cloud sales leadership has threatened employees with a “general examination of sales productivity and productivity in general” and that if next quarter’s results are “not looked up, there will be blood on the streets.” will flow”.
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