Many Big Tech companies have been laying off then employees and the latest company to join the list is Google. According to reports, Google executives have warned workers to either boost performance or prepare to leave. Insider report revealed that a company-wide message said that if the next quarterly earnings has not improved there will be "there will be blood on the streets".
The report also claimed that Google Cloud sales leadership has threatened employees with an "overall examination of sales productivity and productivity in general" before the third quarter evaluation. The message has left Google employees "fearful of layoffs". The news comes after Alphabet, the parent company of Google, reported weaker-than-expected earnings, and revenue growth was slowed down to 13 percent from 62 percent in the same quarter last year, April to June.
Another report in The New York Post revealed that recently Google also quietly extended its hiring freeze this month. The company had decided to stop hiring new candidates for few weeks to review the current employees and decide on the future course.
Couple of thoughts here
1. A company of 174,000 people is by definition inefficient. The fault isn’t the employees but who authorized hiring all those people.
2. Google’s earnings misses weren’t due to too many employees.
3. Blaming employees is great way to justify layoffs. pic.twitter.com/N5DKQ9JxV8 — Dare Obasanjo (@Carnage4Life) August 2, 2022
Last month, Alphabet and Google CEO Sundar Pichai had also told employees that they must improve productivity due to fierce economic headwinds. He asked for ideas on how to get better results faster, he was quoted saying, "There are real concerns that our productivity as a whole is not where it needs to be for the head count we have."
According to Pichai, "it's clear we are facing a challenging macro environment with more uncertainty ahead".
SEE ALSO: Google Changed Gmail's Design And Some People Are Furious. Here's How To Change It Back.
For the unversed, some of the other companies that have resorted to layoff include LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce, among others.
Cover Image: Twitter
