As per reports, Google is expected to layoff 6 percent of employees in 2023. The employee which will fall under the low-performance bracket will be affected.
As per CNBC reports, however, several employees have been complaining about procedural and technical issues with the new performance system.
According to the rating system, an employee must have “achieved the near-impossible” and contributed “more than we (Google) thought possible” if they want to be in the highest-rated category.
As per CNBC reports, According to the current development, it will be harder to achieve high marks: Google projects 22% of employees will be rated within one of the two highest categories, versus 27% before.
However, the employees want a clear picture of the layoffs but Google’s CEO Sundar Pichai hasn’t reportedly cleared the doubts of the workers.
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.
Sundar Pichai, Chief Executive Officer of Google during a companywide meeting with all employees said, “It’s really tough to predict the future, so, unfortunately, I can’t honestly sit here and make forward-looking commitments.”
Pichai further said, “What the company is trying hard to do is to make important decisions, be disciplined, prioritize where we can, rationalize where we can, so that we are set up to better weather the storm, regardless of what’s ahead.”
“I think that’s what we should focus on and try and do our best there,” Pichai added.
He had also declined to reassure employees that job cuts aren’t under consideration.
The company employs 1,87,000 employees. Google is not the only organization that will lay off in 2023. As per reports, Amazon will also continue to layoff in 2023.
