Google 20% layoffs?
mint
Just Indian way of handling business losses without actually diving deep
Reshuffling headcounts, some targeted layoffs, cost cut on buildings and a lot many things before a mass layoff. But ads probably will suffer a lot if the recession hits.
He's not talking about mass layoff. My read is that it will be performance related He's not happy about the widespread laziness more than the headcount is how it reads
A lot companies are looking towards pip increase next year. It should not be easy for companies that aren’t used to it.
I have been through this phase start from top identifying teams which overlap than identifying overlapping roles than pick who is more efficient or effective and let go of overlapping roles
Yeah, that doesn't sound good. They could shuffle things around, or not replace people. If the layoffs do happen, it really does show that Google is not the same company as they were 20 years ago.
Of course they are not the same company they were 20 years ago. They were a startup 20 years ago. Today they are a trillion dollar plus company
They just need to hire a few more Amazon managers and get that PIP culture going and they will stop being a senior living center
I doubt any huge company will do mass layoffs. They have to give 16 weeks pay minimum and it doesn’t make sense for them to carry these costs to 2023
Efficiency doesn't have to all come from layoffs. They spend a lot of money on R&D and other projects that they can just stop.
https://www.cnbc.com/2022/09/07/google-ceo-says-he-hopes-to-make-company-20percent-more-efficient-hints-at-potential-cuts.html
From the exec standpoints this is the best time to layoff (and even trim unnecessary company fat). Everyone else is doing it combined with the general underlying understanding that the economy isn’t as great there would be less public image impact.