Friday, August 19

Tag: Microsoft layoffs

Global Recession in the Offing: Sundar Pichai Warns All Employees
Business, United States

Global Recession in the Offing: Sundar Pichai Warns All Employees

Alphabet (NASDAQ: GOOGL) CEO Sundar Pichai foretells a slump in the economy as it doesn't bid well according to his estimations. He suspects a recession will not spare any Big Tech or multinationals as investors liquidate their stakes in tech giants. Alphabet, the parent company of Google, seems to prepare for the tough times ahead. Sundar Pichai, the CEO of Mountain View-based California company, has just warned employees that the foreseeable recession will not spare the enterprise. Pichai said, "The uncertain global economic outlook has been top of mind. Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus and more hunger than we've shown on sunnier days. In some cases, that means consolidating where investments overlap and streamlinin...
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