
Sack 1.5 lakh more employees, cut compensation: Hedge fund billionaire advises Google CEO
Christopher Hohn appreciates Google's move to cut 12,000 jobs but encouraged Pichai to take more steps to cut the overall headcount by 20%.
Christopher Hohn appreciates Google's move to cut 12,000 jobs but encouraged Pichai to take more steps to cut the overall headcount by 20%.
Calling it a difficult decision, Google CEO Sundar Pichai says the layoffs will affect teams across Alphabet, product areas, functions, levels and regions.
In October last year, the country’s antitrust watchdog, imposed a fine of ₹1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem.
The top court was hearing a plea filed by Google, seeking a stay on the ₹1,337 cr penalty imposed by India's antitrust regulator.
Foundational disruptions at this stage could undo the deep investments and effort made by OEMs, developers and the industry, says Google.
The appellate tribunal refuses to stay the CCI order on Google for the violations of practices in the Android mobile device ecosystem and Play Store. The next hearing is on February 13, 2022.
Google says the CCI's order against it was a "setback" for Indian users and businesses, and that it will seek a stay on the order.
Sundar Pichai says the scale at which tech is touching the lives of people around the world, makes sense that tech needs responsible regulations.
The bill makes it easy for tech giants to pay the penalties rather than comply with the law.
The Information reported that the search giant is planning to lay off as many as 10,000 employees.