Amid the mass layoffs by the big tech companies, now Google id no exception as the company is all set to carry out layoffs in the economic downturn. According to a report, Google will be monitoring the performance of the employees and on the basis of new performance matrix, low-performing employees will be ease out of the company.
The managers of Google have been asked to zero in on the 6 % of the staff are not performing up to the mark. In the notice which was released earlier, supervisors were directed to cut down the inflated scores. The instructions came after hedge fund billionaire in a letter said that the company has massive employees and are being paid too much.
Earlier the managers were asked to identify only 2 % of the low performing employees but later they were asked to increase it to 6 %. Google’s parent company, Alphabet, has a workforce of nearly 187,000. According to Forbes, the median income of an Alphabet employee was $295,884 in 2021.
While amongst other tech giant companies, Google seemed to be immune from sacking employees. However now it seems like the company is also following the trail. CEO Sundar Pichai had advised its employees to focus on productivity after the tech giant experienced second consecutive quarter of weaker-than-expected earnings earlier this year.
“It’s clear we are facing a challenging macro environment with more uncertainty ahead. There are real concerns that our productivity as a whole is not where it needs to be for the headcount we have.” Said Sundar Pichai.