Amid widespread layoffs in the technology sector earlier this year, Google stated that it would be laying off 12,000 employees; however, it wasn't the only thing the company did to save money.?
In February, word spread that Google was downsizing its office space by asking certain workers to share desks.
The Wall Street Journal wrote about Google's latest attempts to cut costs based on an email sent by Ruth Porat, who oversees Google's finances.?
She explained that Google is trying to "deliver durable savings through improved velocity and efficiency" in 2023.?
"As we've said in public, our company goal is to save money in the long run by improving speed and efficiency. As part of this, we¡¯re making some practical changes to help us remain, responsible stewards of our resources while continuing to offer industry-leading perks, benefits and amenities."
"This work is particularly vital because of our recent growth, the challenging economic environment, and our incredible investment opportunities to drive technology forward¡ªparticularly in AI."
"We¡¯ve been here before," the email stated.?
"Back in 2008, our expenses were growing faster than our revenue. We improved machine utilization, narrowed our real estate investments, tightened our belt on T&E budgets, cafes, micro kitchens, and mobile phone usage, and removed the hybrid vehicle subsidiary.?Just as we did in 2008, we¡¯ll be looking at data to identify other areas of spending that aren¡¯t as effective as they should be or don¡¯t scale at our size."
If an employee needs an item that costs more than $1,000 and isn't already in stock, they must get approval from a director "or above."
Over two dozen on-site massage therapists were let go during the January U.S. layoffs.
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