Tag: layoff

‘Should I keep working hard?’: Google layoff survivors ask top bosses

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New York: Employees, who survived the recent layoffs at Google, are worried and have demanded assurances that their jobs are not next to be axed by the company during a recent all-hands meeting with top bosses.
As Google’s parent company Alphabet chopped six per cent of its workforce globally, an employee based in the UK told management that “psychological safety is paramount”, the New York Post reported.
The employee, who had trouble processing the news like many of his colleagues, said: “How are we supposed to ever feel safe again?”
According to the report, most of the 12,000 people, including Indians, axed by the tech giant were high performers and people on immigration visas.
The professionals with an H-1B visa will have to leave the country in 60 days if they are unable to find another alternative to sustain.
“Should I keep working super hard? Does it matter?” another employee wondered.
Among those who were handed pink slips were employees who “had previously received high performance reviews” or had annual compensation packages of $500,000 to $1 million.
“The layoffs seem random,” one employee wrote in a question that was submitted to top Google executives via the company’s internal messaging system, the Post reported.

Denying that the layoffs were done “randomly”, Alphabet and Google CEO Sundar Pichai had said earlier that he is “deeply sorry” for reducing the workforce.
In an email to employees, Pichai said he takes “full responsibility for the decisions that led us here”.
In the US, Google will pay employees during the full notification period (minimum 60 days) and also offer a severance package starting at 16 weeks salary, plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU (Google stock) vesting.
The layoffs at Google’s parent company were expected amid the deepening funding winter that has hit companies of all sizes in the global slowdown and recession fears.
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#working #hard #Google #layoff #survivors #top #bosses
( With inputs from www.siasat.com )

January 25, 2023
How Google’s layoff announcement different from other companies

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Google’s parent company Alphabet recently announced layoffs of 12,000 employees, or about 6 percent of its workforce, globally. After the announcement, it joined the Big Tech league of Amazon, Meta, and Microsoft which had also gone for layoffs.
However, the announcement made by Google CEO Sundar Pichai is different from other companies.
To understand the difference, the layoff announcements by various companies need to be analysed.
Google: I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected.
Microsoft: Today, we are making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3. This represents less than 5 percent of our total employee base, with some notifications happening today.
Amazon: On January 4, the company CEO Andy Jassy said in a statement that they were not done with the annual planning process as earlier mentioned, and “I expected there would be more role reductions in early 2023”.
“We typically wait to communicate about these outcomes until we can speak with the people who are directly impacted. However, because one of our teammates leaked this information externally, we decided it was better to share this news earlier so you can hear the details directly from me,” said Jassy.
Meta: Mark Zukerberg’s message to all Meta employees mentioned, “There is no good way to do a layoff, but we hope to get all the relevant information to you as quickly as possible and then do whatever we can to support you through this.

Everyone will get an email soon letting you know what this layoff means for you. After that, every affected employee will have the opportunity to speak with someone to get their questions answered and join information sessions.”
The one thing which is different in Google’s way of layoffs is letting affected employees know before the announcement of the collective fate.
In the layoff, it is always better to clearly communicate about it with the affected employees before the general announcement instead of making them wait to know their fate.
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#Googles #layoff #announcement #companies
( With inputs from www.siasat.com )

January 23, 2023
Tech and e-commerce giants announce massive hiring as they run out of employees to layoff

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Several tech and e-commerce companies around the world are executing mass lay offs amid what is seen as fears of global recession and slowdown. Reports suggest that major tech and e-commerce companies have laid off 55% of their workforce, booting out around lakh of roles.

With the layoff wave continuing, the companies are running out employees to lay off but foreseeing the global recession the companies are bound to lay off, and to ensure the same tech and e-commerce giants have announced massive hiring only to layoff more employees to cut down their expenses.

Amazon aims at 133% layoff while Microsoft Corporation aims at 156% layoff in this fiscal year. Speaking to The Fauxy, an e-commerce company head said “Look, the Easiest way to cut down the company’s expense is employee layoff, and now when we are close to layoff 100% employees we need to hire more to layoff them, we aim to hire 30,000 employee and layoff nearly same number”

A jobless person told The Fauxy that he will apply for that job since he’ll have three months of notice period between hiring and firing and three months salary he will use for his startup of tea stall outside the same company.

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#Tech #ecommerce #giants #announce #massive #hiring #run #employees #layoff
[ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious. ]

January 18, 2023