New Delhi: As the clock ticks into 2024, the ever-evolving panorama of employment is as soon as once more marked by the poignant narrative of layoffs. A script that has, sadly, develop into an unwelcome recurring theme within the job market. The yr unfolds with the echoes of company methods, financial shifts, and technological developments casting their shadows on workforce dynamics.
This time Google CEO Sundar Pichai warned staff in a latest memo that the corporate will proceed chopping jobs this yr to prioritize investments in synthetic intelligence (AI). (Also Read: How You Can Invest Rs 3K For 35 Years And Earn Rs 1.5 Lakh Per Month? Check Return Calculator Here)
While Pichai assures that the size will not be as drastic as 2023’s 12,000 layoffs, some groups can count on additional downsizing and restructuring. (Also Read: Online Investment Fraud: Union Bank Manager Falls Victim To Scam, Loses Rs 21 Lakh)
“We have ambitious goals and will be investing in our big priorities this year,” acknowledged Pichai in a company-wide memo. “To create the capacity for this investment, we have to make tough choices.”
The assertion of Pichai hints for some groups interprets to job cuts and simplified workflows.
Google’s been trimming bills since January 2023, with preliminary layoffs adopted by smaller cuts in areas like engineering, {hardware}, and promoting. But Pichai emphasizes that future reductions will not affect each group and can be smaller in scale in comparison with final yr’s main purge.
On the intense facet, Google’s AI gamble appears to be paying off. Their new AI mannequin, Gemini, is flexing its muscle mass, even outperforming OpenAI’s GPT-4 in some exams. This AI firepower, together with a profitable 2023 for tech shares, helped Google guardian Alphabet’s shares soar 55 p.c final yr.
Source web site: zeenews.india.com
