After Twitter, Meta, and Amazon, Alphabet, Google’s parent firm, is apparently intending to fire up to 10,000 unproductive staff. According to a new report, the Big Tech giant wants to lay off approximately 6% of its workers due to the worldwide economic downturn. This follows the recent layoffs of thousands of staff by three major technology companies, including Meta, Twitter, and Amazon.
A brief on Google has begun a performance evaluation and intends to fire 10000 employees who receive negative ratings
According to The Information, Google intends to evaluate its employees’ performance through a new ranking and performance improvement strategy. The new performance management system is expected to help managers fire thousands of underperforming staff by the beginning of 2023.
According to the source, the rating option in the new performance management system will assist managers in assessing team members and planning their incentives and stock grants accordingly. So, if someone is seen slacking at work or not putting in the effort, managers will be able to rate them or avoid paying them bonuses using the new performance management system.
Alphabet, Google’s parent company, has not yet publicly acknowledged layoffs. However, CEO Sundar Pichai hinted at future layoffs a few months ago.
“We want to make sure as a company when you have fewer resources than before, you are prioritizing all the right things to be working on and your employees are really productive, that they can actually, have an impact on the things they’re working on,” Pichai said at the recently held Code Conference in Los Angeles.
During the same speech, Pichai mentioned microeconomics and stated that the company has become slower as the employee count has increased. “The more we strive to grasp macroeconomics, the more uncertain we become.” Ad spending, consumer spending, and other factors influence macroeconomic success.” “We can be slower to make decisions in all we do.” “You look at everything from beginning to end and figure out how to make the organization 20% more productive,” Google CEO Eric Schmidt remarked.
Google, like any other digital business, employed a large number of people during the pandemic but is now faced with a number of financial challenges. Pichia had previously admonished staff who did not take their work seriously. He also stated that people who do not take their jobs seriously will suffer harsh consequences.
Pichai recently directed employees to increase productivity. “There are legitimate worries that our overall productivity is not where it needs to be for the headcount we have.” [We must] cultivate a culture that is more mission-focused, product-focused, and customer-focused. “We should think about how we can reduce distractions and really raise the bar on both product excellence and productivity,” he said in an August memo to employees.