ALPHABET LAY OFF

Alphabet, Google’s parent company, is reportedly gearing up to lay off about 10 000 “poor performing” employees, or 6% of its workforce, in the Big tech lay-off season kicked off by Meta, Amazon, Twitter, Salesforce and more amid the rough global conditions. 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,” the report mentioned. Under the new system, managers have been asked to categorise 6% of employees, or roughly 10 000 people, as low performers in terms of their impact for the business. The new system also reduces the percentage of employees that can score a high rating. Additionally, the new performance system at Alphabet could use the ratings to avoid paying bonuses and stock grants, according to the report. Alphabet has yet to comment on the report. Alphabet has a workforce of nearly 187 000 employees. Google has suspended hiring new employees and reportedly told some employees to “shape up or ship out” if expectations are not met. |