The chief executives of Alphabet and Meta Platforms in the tech industry are warning employees to step up their game as the U.S. economy declined for a second straight quarter.
both told staffers they have productivity concerns and are "turning up the heat" on managing staff performance.
Meta Platforms is considering reducing the money it gives news organizations as it reevaluates the partnerships it struck over the past few years.According to audio obtained by Reuters, Zuckerberg, whose company suffered its first revenue decline in history, told staffers last week that his hope is to raise expectations and have more aggressive goals."Just kind of turning up the heat a little bit," Zuckerberg was quoted as saying.
Meanwhile, Pichai issued similar concerns. Pichai reportedly told staffers last week that there are "real concerns that our productivity as a whole is not where it needs to be for the head count we have." The comments were first reported by CNBC. during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession.
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. These notices are signals of potential layoffs, which could lead to greater unemployment, fewer available jobs, lower wage growth and fewer job opportunities at startups, according to economist and Thru the Cycle President John Lonski.
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