An American multinational technology company, Google laid off 453 employees from various departments in India late at night on Thursday.
As per reports, the employees from software developers, backend developers, cloud engineers, and digital marketers have been affected. Few of the employees took on LinkedIn to share their experiences.
Recently in January, an American multinational technology company, Google parent Alphabet announced to sack 12,000 employees. The company CEO took responsibility for the layoffs.
Current Layoffs in India
Kamal Dave, account manager at Google, shared a LinkedIn saying, “Hi everyone I was a part of Google India Layoffs yesterday. At Google, my energies were focused on delivering Digital Marketing Goals for multiple industries at the top of their food chain in India as a Strategic Key Account Manager / Consultant.”
“I am looking for a new role and would appreciate your support. Thank you in advance for any connections, advice, or opportunities you can offer. #OpenToWork“, the post added.
Earlier, Google’s CEO admitted that the future is unpredictable. The development of either layoff or hiring slowdown comes after IT companies, crypto exchanges, and financial firms cut out jobs and slow down the hiring process due to slow global economic growth caused by higher interest rates, and rising inflation.
Recently, Google CEO Sundar Pichai & Senior Executives to Take Pay Cuts as part of the company’s cost-cutting measures.
Google CEO Sundar Pichai clarified that the supposed cut would be a very significant reduction in their annual bonus.
This has come as a clarification when CEO Sundar Pichai was questioned during a town hall meeting on how senior staff like him will take responsibility for the mass layoff.
Recently, Google also delayed the Year-end bonus checks for employees due to the transition to a new performance management system.
In the year 2022, mass layoffs started with tech firms. Post that now the layoffs are affecting several others domains including financial companies that are reducing jobs in recent months. In 2022, there were 1,535 layoffs at tech companies 241,176 people were impacted.
As of 2023, there have been 472 layoffs at tech companies with 137,906 people impacted (on an average of 2,934 people per day). However, multiple reports suggest that the layoffs are the result of overhiring during the COVID pandemic.