Google has been implementing cost reductions across 2025, including eliminating 35% of managers who oversee teams of three people or fewer, and offering voluntary exit programs across multiple divisions since January. Finance chief Anat Ashkenazi signaled late last year that the company would continue to push cost cuts "a little further," a mandate that appears unchanged despite Alphabet reporting strong Q2 2025 results with $96.4 billion in revenue.
Fiddelke, 49, worked at Deloitte for three years after graduating from the University of Iowa with a degree in industrial engineering in 1999. However, he gave up a career at the Big Four firm to pursue an MBA at Northwestern University's Kellogg School of Management, during which he joined Target as a finance intern. He got his first permanent position as an analyst in the financial unit in 2004.