More cost cuts are coming to Google

by · Android Headlines

Google just posted its latest earnings report, and it turned a pretty healthy profit. While the company has been making a good profit over the past several years, it can’t only thank its products for this. We have to remember that it had to shed thousands of jobs over the last few years. Well, Google has a new CFO, and she let us know that there will be more cost cuts to come.

According to the company’s earnings report, it was able to pull in $88.27 billion in revenue from all sources. This is a 15% growth in revenue YoY. Additionally, Alphabet’s shares rose 26.8% this year. We can bet that some of this came from the cost-cutting methods that the company had to employ.

Google could bring more cost cuts

When a company says that it’s cutting costs, streamlining its expenses, or focusing on efficiency, it usually means that there are sacrifices to be made. What typically comes to mind is the company letting workers go en masse. We can’t deny that this has been a pretty big part of Google’s cost-cutting strategy over the past few years.

The company recently hired a new CFO named Anat Ashkenazi. She spent an impressive 23 years at Eli Lilly before hopping over to Google in July this year. She made her earnings call debut recently, and she explained what she sees for the company in the future.

Ashkenazi mentioned that Google did a good job with cost-cutting, but she said that she wanted to “push a little further” and view additional opportunities to cut expenditures. She didn’t give us any specific details about what she plans to do, but she said that she wants to look for “further efficiencies” across the company.

The thing is that both Ashkenazi and CEO Sundar Pichai let us know that 2025 will be an expensive year for Google. “there is an aggressive roadmap ahead for 2025,” Ashkenazi said. However, she did mention that the additional expenditures coming down the line are based on consumer demand, so Google should see revenue growth in the short term. We’re sure that these will involve AI.