Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.
Josh Edelson | AFP | Getty Images
Google’s mixed messaging when it comes to its return-to-office plans has been a subject of consternation across the company since the waning days of the pandemic. Now employees are finding further sources of frustration.
Last week Google updated its hybrid three-day-a-week office policy to include badge tracking, and noted that attendance will be included in performance reviews. Additionally, employees who already received approval for remote work may now have that status reevaluated.
Based on CNBC’s discussions with some employees and posts to an internal site called Memegen, Google faces growing concern among staffers that management is overreaching in its oversight of physical attendance and that they’re being treated like schoolchildren. There’s also increased uncertainty about what the future holds for people who moved to different cities and states after they were cleared to work from remote locations.
“If you cannot attend the office today, your parents should submit an absence request,” reads one top-rated meme posted by an employee and viewed by CNBC. Attached was a photoshopped image of human resources head Fiona Cicconi in front of a school chalkboard.
Another highly-rated meme said “check my work, not my badge.”
Ryan Lamont, a Google spokesperson, said in an email that the badge data collected is “aggregated” for company leaders.
“Now that we’ve fully transitioned to the hybrid work week, company leaders can see reports showing how their teams are adopting the hybrid work model,” the statement said, adding that Google doesn’t “share individual Googler badge data” in its reports.
An internal document indicates how group leaders will learn who hasn’t been in the office frequently enough.
“Managers of non-remote Googlers who have been consistently absent from the office will be cc’ed on emails to these Googlers (subject to local requirements), so they can support Googlers in either ramping back to the office or exploring other flexibility options,” the document says.
On Friday, YouTube held its own all-hands meeting with employees about the office policy update. At the event, executives presented the plans virtually, a paradox that didn’t go unnoticed.
Afterwards, a popular meme showed an image of “The Big Bang Theory” TV show character Leonard Hofstadter, saying “What are you looking at? You’ve never seen a hypocrite before?”
Discontent surrounding the RTO policies represents the latest challenge for Google as the company tries to get people back into its many expansive offices and campuses across the country. Prior to the pandemic, Google was known for its vibrant campus life, replete with massage parlors, yoga classes, video games and free gourmet meals.
But life changed, as did priorities, during the pandemic, when offices were closed and employees were forced to work from home. Staffers moved to different cities and got used to more flexibility and family time while taking advantage of Google’s flexible remote work options.
Ruth Porat, Alphabet CFO, at the WEF in Davos, Switzerland on May 23rd, 2022.
Adam Galica | CNBC
Tech companies flourished during that stretch. Google’s revenue growth surged and its stock price rose to record levels. Much of that was attributable to a wide array of cloud-based collaboration tools that could be used from anywhere.
“Thanks to amazing tools like Google Workspace, we can be highly productive from home — particularly when it comes to asynchronous work that requires deep focus,” Cicconi and Alphabet finance chief Ruth Porat wrote in a memo last week announcing updates to the hybrid policy.
In April of last year, Google began bringing most employees back to physical offices three days a week, following a number of fits and starts in its RTO plans that were complicated by regular spikes in Covid infection rates.
However, with attendance remaining sparse and Google looking to cut costs, the company started instituting changes this year that haven’t always been applauded. For example, CNBC reported in February that Google’s cloud unit told employees that it would transition to a desk-sharing workspace in its five largest locations as it downsized real estate.
Now, according to correspondence viewed by CNBC, the company is in the process of providing lockers in each location that uses the desk-sharing model so employees can store personal items overnight.
Chris Schmidt, a software engineer at Google and a member of the Alphabet Workers Union-CWA, questioned how the company can work so hard to get people back in the office when desk space is limited.
“New York City workers do not even have enough desks and conference rooms for workers to use comfortably,” Schmidt said in an email to CNBC.
Google is far from alone among its tech peers in struggling to find the right path forward with hybrid work. Last month, thousands of Amazon employees walked off the job, calling on the company to reconsider its three-day-a-week office mandate. Salesforce is reportedly offering to pay $10 a day to the local charity of choice for every employee that comes back to the office. And Meta said recently that employees will need to work from a physical office at least three days a week beginning in September.
Lamont said that Google’s three-day policy has been in place for over a year and is now being updated.
“It’s going well, and we want to see Googlers connecting and collaborating in-person, so we’re limiting remote work to exception only,” Lamont said.
Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone.
Arjun Kharpal | CNBC
Samsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an uncertain consumer backdrop and U.S. tariff policy.
The Samsung Galaxy S25 Edge is just 5.8 millimeters thin and weighs 163 grams, making it one of the thinnest smartphones on the market.
Samsung said the device starts at $1,099 and goes on sale on May 30.
The launch comes just under four months after Samsung staged its annual flagship phone launch for the S25 series. It is unusual for Samsung to launch a new high-end device this soon after the January event with the normal timeline generally being the middle of the year for the unveiling of its latest foldable phones.
The move highlights the South Korean tech giant’s desire to capitalize on the success of the S25 range as it faces rising competition from Chinese players and an uncertain macroeconomic environment.
Samsung reported last month that it saw a jump in revenue and profit in the first quarter of the year at its mobile division thanks to strong sales of its S25 series.
However, Daniel Araujo, vice president at Samsung’s mobile division, warned on an earnings call last month that smartphone demand is expected to decrease in the second quarter due to “seasonality trends” and forecasts could be “adjusted” further due to global tariff policy.
U.S. President Donald Trump’s “reciprocal” tariffs took effect in April though they were paused shortly after. The White House exempted certain tech products such as smartphones and chips, providing some reprieve for companies like Samsung and Apple. The U.S. and China meanwhile agreed on Monday to pause most of their tariffs on each party.
Araujo said that the S25 Edge could help “sustain flagship-centric sales,” underscoring why Samsung has decided to launch the phone now.
Apple reportedly working on thin iPhone
Thinner phones have become an obsession with smartphone makers who are hoping these devices will appeal to people who want the flagship experience without the size of a traditional device. Samsung’s S25 Edge has a 6.7-inch display, the same as the Galaxy S25+, but it is thinner and lighter.
The Samsung Galaxy S25 Edge on display during a briefing at the Samsung KX store in London, U.K.
“For the second half of 2025 ‘thin is most definitely in’,” Ben Wood, chief analyst at CCS Insight, told CNBC.
“Samsung is first out the gate with a slim design, but Apple is expected to follow in September, and the burgeoning Chinese brands such as Honor and Xiaomi probably won’t be far behind.”
Samsung may be trying to get ahead of its closest rival Apple, which is gearing up to launch a thin version of its flagship device dubbed the iPhone 17 Air, according to a Bloomberg report this year.
“It is hard to believe this is not a pre-emptive strike following the widespread speculation that Apple will have a thin iPhone in its next line-up,” Wood added.
Brian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.
Gerry Miller | CNBC
Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading.
The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial.
Since going public through a direct listing in 2021, Coinbase has become a bigger part of the U.S. financial system, with bitcoin soaring in value and large institutions gaining regulatory approval to create spot bitcoin exchange-traded funds.
Bitcoin spiked last week, topping $100,000 and nearing its record price reached in January.
However, Coinbase has been a particularly volatile stock and is trading well below its peak from late 2021. The shares closed on Monday at $207.22, giving the company a market cap of $53 billion. At its high, the stock traded at over $357.
Stocks added to the S&P 500 often rise in value because funds that track the S&P 500 will add it to their portfolios.
The index, which is heavily weighted towards tech because of the massive market caps of the industry’s heavyweights, continues to add companies from across the sector. In September, Dell and defense software provider Palantir were added to the S&P 500, following artificial intelligence server maker Super Micro Computer and security software vendor CrowdStrike earlier last year.
To join the S&P 500, a company must have reported a profit in its latest quarter and have cumulative profit over the four most recent quarters.
Coinbase last week reported net income of $65.6 million, or 24 cents a share, down from $1.18 billion, or $4.40 a share a year earlier, after accounting for the fair value of its crypto investments. Revenue rose 24% to $2.03 billion from $1.64 billion a year ago.
Also last week, Coinbase announced plans to buy Dubai-based Deribit, a major crypto derivatives exchange for $2.9 billion. The deal, which is the largest in the crypto industry to date, will help Coinbase broaden its footprint outside the U.S.
Coinbase shares are down 17% this year, underperforming bitcoin, which is now up about 10% over that stretch.
Perplexity AI is in late-stage talks to raise $500 million at a $14 billion valuation, a source familiar with the situation confirmed to CNBC Monday.
Accel, the Palo Alto-based venture capital firm, will lead the round, according to the source, who spoke anonymously because the round is not yet finalized. The Wall Street Journal first reported on the late-stage numbers.
The funding is on the lower end of Perplexity’s planned raise, which CNBC reported in March. During those early-stage talks, Perplexity was looking to raise between $500 million and $1 billion in funding at an $18 billion post-money valuation, per a source familiar.
Perplexity has just under $100 million in annual recurring revenue, or ARR, the source told CNBC in March.
Perplexity has been in the middle of the generative AI boom that began in late 2022 with the launch of OpenAI’s ChatGPT, and it’s betting big on its upcoming AI agent web browser, called Comet. But Perplexity faces increasing competition in the AI search market.
In March, Anthropic launched its web search product, allowing its chatbot Claude to display real-time search results to a subset of users.
Last fall, OpenAI launched a search feature within ChatGPT, its viral chatbot, that positioned it to better compete with Perplexity, as well as leading search engines such as Google and Microsoft‘s Bing.
Google has released AI Overviews within its search product as well, though it sparked controversy over high-profile errors soon after its release.