Google ready to layoff 10,000 employees? Here's what CEO Sundar Pichai said|#google |#Google taken big decision
Google CEO Sundar Pichai recently had no reassuring words for employees on potential layoffs during an all-hands meeting. When asked about potential layoffs, Pichai plainly said that he was not in a position to make forward-looking commitments about the matter as the future is difficult to predict. Pichai also mentioned that Google is making changes to "better weather the storm" of the economy, but did not rule out the possibility of cuts in the future.
According to a Business Insider
report, Google CEO Sundai Pichai said, "What we've been
trying hard to do, and you've seen the messaging for the past many, many
months, is we are trying to make important decisions, be disciplined,
prioritize where we can, rationalize where we can so that we are set up to
better weather the storm, regardless of what's ahead... I think that's what we
should focus on and try and do our best there," said Sundar Pichai, CEO of
Google.
Last month, it was reported that Google is planning to fire 10,000
employees through a new ranking and performance improvement
plan. According to a report in The Information, this is due to pressure from an
activist hedge fund, adverse market conditions, and a need to cut costs. However,
it is still uncertain if Google has started the process of laying off employees
or is still trying to weather the storm without cutting down the
workforce.
The earlier report suggested that
Google parent company Alphabet had asked its managers to select 6 per cent of
employees who have the least impact on the company's business. This could be
seen as a pre-layoff activity leading to serious concerns among Google
employees.
The tech sector in US is witnessing a wave of layoffs
including some of the biggest brands in the world which include Amazon, Meta,
Twitter, Salesforce, and more. The spike in valuation in the past decade has
led to a much bigger workforce under the tech sector.
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