Google employees question executivess over ‘decline in morale’ after blowout earnings

Google executives facing backlash about why Alphabet’s strong growth performance hasn’t translated into higher pay for employees, one worker comment on an internal forum ahead of an all hands meeting said. We’ve noticed a significant decline in morale, increased distrust, and a disconnect between leadership and the workforce, another comment read. Despite the company’s stellar performance and record earnings, many Googlers have not received meaningful compensation increases. And asked whether the decision to keep wages lower was the result of a cooling employment market at the All Hands meeting, CFO Ruth Porat said our priority is to invest in growth. Revenue should be growing faster than expenses. She admitted that two years ago the ratio had flipped and that the rate of spending wasn’t sustainable. Porat announced last July that she would be leaving the CFO rule to become chief investment officer, but that transition hasn’t yet happened. The CEO, Sundar Pichai, addressed layoffs. He said assuming current conditions, job cuts in the second-half of the year would be much smaller in scale. Coming up on the other side of this, smoking in casinos ready for this may soon be a thing of the past. I’m surprised, I’m surprised Contestor Brewer has that story. We’re going to go to her next on that. And then later quarterly results due from Warner Brothers, Discovery, also Hyatt Hotels and those of you with kids Roadblocks, we’re coming right back after this.