Google slashes R&D projects as Pichai to make company 20% more efficient

San Francisco: Alphabet and Google CEO Sundar Pichai aims to make the company 20 per cent more efficient hinting at job cuts, as the tech giant cancelled the projects at its in-house research and development (R&D) division called Area 120.

Addressing the gathering at the Code Conference in the US, Pichai said that the more the company tries to understand the macroeconomic conditions, it feels very uncertain about it.

“The macroeconomic performance is correlated to ad spend, consumer spend and so on,” he told the audience.