Google is on the tech cost-cutting bandwagon. Its CFO just flagged more cuts could come.

Thu, 02/02/2023 - 16:57

A man walks through Google offices on January 25, 2023 in New York City. — Google parent Alphabet warns that more cuts are coming in its four-quarter earnings report.
Leonardo Munoz/VIEWpress

Google warned that more cuts could be coming in its 2022 Q4 earnings report.
It expects to spend $500 million to reduce office space and up to $2.3 billion in severance packages.
The cuts come just weeks after Google announced that its laying off 12,000 employees.

Google just warned that more cuts could be on the way after a year when it's already slashed jobs and other spending.

Chief Financial Officer Ruth Porat of its parent company, Alphabet, didn't detail the possible cuts in the company's fourth-quarter earnings report, but what she telegraphed was clear.