Alphabet CFO told employees to expect more spending cuts, WSJ reports

Ruth Porat, who serves as CFO of both Google and parent company Alphabet, said in a memo to employees to expect more spending cuts as the company tries to meet savings targets this year, reported The Wall Street Journal’s Miles Kruppa. Porat wrote in the email, according to the Journal: "Just as we did in 2008, we’ll be looking at data to identify other areas of spending that aren’t as effective as they should be, or that don’t scale at our size… This work is particularly vital because of our recent growth, the challenging economic environment, and our incredible investment opportunities to drive technology forward – particularly in AI." Reference Link