Google has announced its plans to reduce expenses on various items such as laptops, software and office supplies like staplers.
In addition to the wide scale job cuts reported in the last few months, Google is looking at other ways of cost-cutting. This includes scaling down expenses such as buying PCs for employees, stationery and even closing down canteens in some areas, as reported by several news outlets.
In a letter to its employees, the management has informed that there will be cuts in fitness classes or that cafeterias will be closed, where the expense of staplers, adhesive tape will be rationalized and the frequency of replacement of computers will be increased, assured the channel CNBC and The Wall Street Journal.
Ruth Porat, the tech firm’s financial director, declared on Friday that they will be putting in “great efforts” for some stretch of time, however did not specify an exact timeline.
In January, Alphabet, the parent company of Google, revealed that they were letting go of 12000 employees which is roughly 6% of their workforce. This decision was attributed to sluggish sales growth and came after breaking records for job hiring.
“This work is particularly vital given our recent growth, the challenging economic environment, and our incredible investment opportunities to boost technology, particularly in artificial intelligence”, Porat said in his latest message to Google staff.
The head of finance remembered that Google had already gone through reductions during the 2008 economic crisis and noted that, like then, any area of spending which has become ineffective will be identified.
“Our objective is to save in a lasting way, improving speed and efficiency. As part of this goal, we are introducing some practical changes that will help us continue to responsibly manage our resources, while continuing to offer industry leading advantages, benefits and services” the company wrote in a statement reproduced by CNBC.
