New high-resolution spectroscopic observations of the supergiant γ Cyg (F8 Iab) taken between 2000 and 2008 consistently show strongly reversed-C-shaped bisectors for all unblended spectral lines. Small-amplitude variations in radial velocity and line shapes occur in an irregular manner with time scales ~100 days and longer. The radial velocities occasionally show changes as large as 2 km s-1, but much smaller changes are going on continuously. Differential line bisectors show shape changes and Doppler displacement characteristic of radial expansion and contraction. These might arise from non-periodic radial pulsation-like motions or from the appearance of giant convection cells that occupy most of the visible hemisphere of the star. Line-depth ratios are correlated with the line shifts on a seasonal basis and indicate temperature changes ranging up to ~15 K, with larger temperature occurring during times of most rapid contraction.