We use cookies to ensure that we give you the best experience on our website. Privacy Notice
Accept
BASIC thinking InternationalBASIC thinking International
  • SOCIAL MEDIA
  • MARKETING
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • GREEN
  • 🇩🇪
Reading: Google apparently plans to lay off up to 10,000 “underperforming” employees
Share
BASIC thinking InternationalBASIC thinking International
Search
  • SOCIAL MEDIA
  • MARKETING
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • GREEN
  • 🇩🇪
Follow US
© 2003 - 2023 BASIC thinking GmbH
Business

Google apparently plans to lay off up to 10,000 “underperforming” employees

Fabian Peters
Last updated: November 24, 2022
Fabian Peters Published November 24, 2022
Google
SHARE

Google parent Alphabet reportedly plans to identify and lay off up to 10,000 “underperforming” employees. An investor previously called for job cuts. To cut costs, Google is now planning to introduce a performance ranking system.

Google has been one of the few major tech companies not to make extensive job cuts. While Amazon, Meta, Twitter and Co. sent thousands of employees out the door, the Alphabet subsidiary has so far evaded the wave of layoffs.

However, as the business magazine Forbes reports, a mass layoff is now also imminent at Google. Due to pressure from a hedge fund manager, the current economic crisis and the need to reduce costs, up to 10,000 employees are threatened with dismissal.

Google wants to identify “low-performing” employees

The company also plans to introduce a performance improvement ranking system that will identify “low-performing” employees. Employees who receive a negative rating could in turn be fired.

According to Forbes, Alphabet has asked Google executives to rank six percent of its workforce – equivalent to about 10,000 employees – accordingly. Previously, the company had traditionally always identified two percent of the lowest-performing employees.

Alphabet: Investor calls for layoffs

Google investor Christopher Hohn reportedly previously drafted a letter to Alphabet claiming that the company was paying its employees too much. The British billionaire and hedge fund manager therefore called for a reduction in the “bloated workforce.”

Alphabet currently employs around 187,000 people. However, with a share of 20 percent, the hiring numbers seem to be out of control. At least that is the opinion of investor Hohn, who describes the company’s personnel policy as “excessive”. The search engine giant could be run efficiently with far fewer employees.

Fabian Peters November 24, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Email
Previous Article Disney CEO Bob Chapek resigns – predecessor Bob Iger takes over
Next Article Black Friday at OVHcloud: Save up to 50% on hosting and servers

Stay Connected

5.1k Like
180 Follow
1.9k Follow
260k Subscribe

Latest News

South Park ChatGPT
South Park: Producers let ChatGPT take part as co-writer
March 24, 2023
tiktok-challenges
New guidelines: TikTok wants to restrict deadly challenges
March 23, 2023
dall-e-bing
Microsoft integrates image generator DALL-E into search engine Bing
March 22, 2023
Amazon
Mass layoff: Amazon lays off another 9,000 employees
March 21, 2023
tiktok-feed-zuruecksetzen-1140x641
Reset function: How to reset the for-you feed on TikTok
March 20, 2023
TikTok ban US
TikTok ban: USA threatens nationwide censorship
March 17, 2023

You Might also Like

Amazon
Business

Mass layoff: Amazon lays off another 9,000 employees

Maria Gramsch Maria Gramsch
microsoft-logo
Business

Vacation without limit: Microsoft grants employees “unlimited time off”

Beatrice Bode Beatrice Bode
Business

Streaming: Disney CEO puts an end to chasing subscribers

Beatrice Bode Beatrice Bode
Show More

About us

BASIC thinking is a modern media company that reaches over 25 million page impressions worldwide.

Categories

Ad Business Entertainment Green Marketing Social Media Technology

Quick Links

  • About us
  • Advertising
  • BASIC thinking Germany
  • Imprint
  • Privacy Policy
BASIC thinking InternationalBASIC thinking International
Follow US

© 2003 - 2023 BASIC thinking GmbH

Welcome Back!

Sign in to your account

Lost your password?