It was a tense meeting at Google last week. Google parent Alphabet CEO Sundar Pichai reportedly refused to reassure employees that job cuts were not being considered. According to a report in Business Insider, Pichai gave no assurances to worried Googlers that layoffs would not happen. “It’s really hard to predict the future, so unfortunately I can’t honestly sit here and make forward-looking commitments,” Pichai said during a company-wide meeting with all employees.
When asked about the job cuts, Pichai said what the company is trying to do is “make critical decisions, be disciplined, where we can prioritize, where we can be rational, so that without Paying attention to the conditions of the storm, let’s better tolerate it.” What is ahead”. “I think that’s something we have to focus on and try and do our best there,” Pichai added.
Google enters GRAD
A recent report in The Information claims that Google may cut 10,000 jobs. The company has reportedly introduced a new performance rating metric called Googler Review and Development (GRAD). According to the report, Google executives were asked to rate 6 percent of employees, which make up about 10,000 employees, as low performers, compared to the traditional 2 percent. Earlier, supervisors were told to reduce inflated ratings. Alphabet had a workforce of nearly 187,000 at the end of last quarter.
Google in GRAD
Google spokesperson Chris Pappas confirmed the new ranking system in an email to Forbes. He said the program was implemented to help with staff development, coaching, learning and career advancement throughout the year. He further added: “The news system helps create clear expectations and provides regular feedback to employees about their performance.”
Google’s investor wants the company to cut jobs and cut salaries
Last month, British-based investor Christopher Hone wrote an open letter to Alphabet, urging the company to cut jobs and reduce pay. In the letter, Huhn said that Google has too many employees and the wages are too high. The average compensation for an Alphabet employee last year was about $295,884, Hohn said, citing Google Securities and Exchange Commission (SEC). That’s almost 70 percent more than what Microsoft paid its employees. It’s also 153 percent more than what competing tech companies pay their employees.