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Google owner Alphabet plans to lay off 10,000 staff who are “poor performers”
https://www.whatjobs.com/news/usa/us-business-news/google-owner-alphabet-plans-to-lay-off-10000-staff-who-are-poor-performers
By Nithya Bose in US business news, posted November 23, 2022
Google parent Alphabet is reportedly planning to fire 10,000 "poor performing" staff, with around six percent of its workforce losing their jobs.
The company seems to be joining other giants Amazon, Meta, Twitter, and Salesforce in the Big tech layoff season.
It was reported that Google intends to axe 10,000 employees as part of a new ranking and performance improvement plan.
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It was reported Google wants to axe the employees as part of a new ranking and performance improvement plan.
The report said: "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.”
Managers have been asked to decide who are low performers under the new approach.
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It is based on their impact on the business.
The new strategy also limits the number of employees who may receive high ratings.
Alphabet's new performance system may use the ratings to avoid paying incentives and stock grants.
Alphabet has not yet responded on the report.
READ MORE: GOOGLE STAFF TOLD TO WORK HARDER AS ECONOMIC CHALLENGES LOOM
The tech behemoth currently employs around 187,000 people and will offer some employees 60 days to find a new role at the firm if their jobs will be eliminated.
CEO Sundar Pichai previously stated Google is "still investing in long-term projects like quantum computing."
However, it's important "to be smart, to be frugal, to be scrappy, to be more efficient".
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He said: "We're committed to taking care of our employees.
“I think we're just working through a tough moment macroeconomically and I think it's important we as a company align and work together.”
Mr Pichai has said the more the firm strives to grasp macroeconomic conditions, the more unclear it becomes.
Google has allegedly paused new hires and instructed some existing staff to "shape up or ship out" if expectations are not fulfilled.
Source: Insider
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