Funniest Indian
  • Bollywood
  • News
  • Fitting Replies
  • Viral
  • Trending
No Result
View All Result
Funniest Indian
  • Bollywood
  • News
  • Fitting Replies
  • Viral
  • Trending
No Result
View All Result
Funniest Indian
No Result
View All Result

Google May Fire 10,000 Employees In Coming Days, Here’s Why

10,000 google employee's job are at stake!

Vandita Sharma by Vandita Sharma
2 months ago
in News
Reading Time: 2 mins read
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

As per recent reports, google may fire 10,000 “low performing” workers who would evidently be let go by Alphabet, Google’s parent firm “6% of its workforce, or employees. The unfavorable market conditions, the hedge fund’s pressure, and the urgent need to cut costs are the major reason behind this tough decision. Unfortunately, Employees with poor or low performance will be reviewed and fired from the company.

Google’s decision of removing 10,000 employees will be followed by a new ranking and performance improvement strategy accordingly.

It seems that 2023 will not be favorable to many as earlier next year, managers will be having authority to fire thousands of low-performing workers with the aid of a new performance management system. The ratings might be used by managers potentially to prevent giving the staff members bonuses and stock grants ” the report said.

The job of 10,000 individuals who work for Google is at risk 

According to reports, managers must identify 6% of workers, or around 10,000 individuals, as low performers based on their prominence in the company. The employees who can receive a high rating have likewise decreased under the new approach.

A billionaire hedge fund manager, Christopher Hohn, argued in a letter to Alphabet that the business needs to hire fewer people and not 10000. The UK investors also raised their voices to Google’s parent company about how highly compensated its staff members are as compared to other online businesses.

As per Hohn, the company’s headcount is “excessive” when compared to previous hiring trends and does not match the needs of the current business environment. He also claims that only far fewer highly compensated professionals are needed to manage the most preferred search engine properly.

A report from the US Securities and Exchange Commission suggests that the typical pay at Alphabet in 2021 was roughly $295,884. The salary was more than 70% more than what Microsoft paid its employees. The pay of employees at Alphabet is 153% higher than those of the 20 top tech businesses in the US. Many renowned US-based internet companies are managing and decreasing expenses, including Twitter, Amazon, and Meta. Numerous firms reported their largest-ever layoffs last month.

 

Tags: #trendingGoogleGoogle EmployeeslatestLayoffsMetaTech LayoffsWorld
Vandita Sharma

Vandita Sharma

Recent Comments

    Categories

    • Bollywood
    • Business
    • cricket
    • Entertainment
    • Fitting Replies
    • Hollywood
    • Latest
    • Listicles
    • News
    • News
    • Sports
    • Tech
    • Travel
    • Trending
    • Viral

    Funniest Indian Website is a Social media website which motives to give the latest information all around the world. We have a big fan following on social media and day by day we are growing.

    So keep supporting us and we provide you all our best.


    Categories

    Bollywood Business cricket Entertainment Fitting Replies Hollywood Latest Listicles News News Sports Tech Travel Trending Viral

    Stay Connected

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3
    • News

    FunniestIndian.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In