Google’s parent company Alphabet has decided to lay off 10,000 of its employees. This would include employees whose performance has been poor for some time. After Meta, Amazon, Twitter, Alphabet is the next tech giant to shed such a large number of employees. According to the information received, the company is now going to implement a new system of ranking and performance for its employees, after which the company will gradually start removing weak employees. For this, company managers are instructed to identify 10,000 employees whose performance is weaker than the rest.
Alphabet’s total employee strength is said to be around 1.87 lakh. According to a report by the US Securities and Exchange Commission, the company spent $2,95,884 on the salaries of its employees. Now the reason behind the retrenchment of such a large number of employees has also come to light. According to media reports, Alphabet’s profits have fallen sharply. The company has lost 27% in profits this year. In the third quarter, the company reports a profit of $14 billion. This figure is 27 percent less than last year’s profit.
Many big tech companies have laid off their employees before. Amazon has talked about laying off 10,000 of its employees. 10,000 people have been laid off from Amazon, which has more than 16 lakh employees. Facebook’s parent company Meta Layoff has also decided to lay off 11,000 of its employees. Meta has admitted to a decline in its revenue. Twitter has laid off 50 percent of its permanent workforce (about 3,700 employees). Snap, the parent company of Snapchat, has cut around 1250 employees.