Alphabet, Google’s parent company, is planning to lay off 10,000 workers
Alphabet, Google’s parent company, is reportedly planning to lay off 10,000 “low-performing” employees, or 6% of its workforce, as part of the Big Tech layoff season, which has already begun with Meta, Amazon, Twitter, Salesforce, and others. Google intends to lay off 10,000 employees as part of a new ranking and performance improvement plan.
Starting early next year, a new performance management system could help managers fire thousands of underperforming employees. Managers could also use the ratings to avoid paying bonuses and stock grants to employees. According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan. A new performance management system could help managers push out thousands of underperforming employees starting early next year. Managers could also use the ratings to avoid paying them bonuses and stock grants.
Google intends to lay off 10,000 employees as part of a new ranking and performance improvement plan. “Starting early next year, a new performance management system could help managers fire thousands of underperforming employees. Managers could also use the ratings to avoid paying bonuses and stock grants to employees. Sundar Pichai, the company’s CEO, aims to make Alphabet 20% more efficient, implying job cuts. According to previous reports, Alphabet is giving some employees 60 days to apply for a new job at the company if their jobs are about to be cut.
Pichai previously stated that Google is “still investing in long-term projects like quantum computing.” However, it is critical to “be smart, frugal, scrappy, and efficient.” “We are committed to providing for our employees. “I believe we are simply going through a difficult macroeconomic period, and I believe it is critical that we as a company align and collaborate,” said Pichai. Earlier, in a speech to the Code Conference in the United States, Pichai stated that the more the company tries to understand the macroeconomic conditions, the more uncertain it becomes. “Macroeconomic performance is correlated with ad spending, consumer spending, and so on,” he explained to the audience.
Google has reportedly suspended new hires and told some existing employees to “shape up or ship out” if expectations are not met.
