Google CEO has publicized that the company will lay off 12,000 employees globally. Google workers in the US who are affected have previously received an email, while impacted staff elsewhere will be well-versed soon. In a letter to employees, Google CEO Sundar Pichai said that the corporation took a “rigorous review across product areas” to guarantee that current roles are aligned with the company’s highest priorities. It remains unclear which department is most exaggerated by the latest round of mass layoffs.
The letter by Pichai also places of interest that the company will ensure a smooth “transition” for the wedged workers. Google will pay employees throughout the full notification period (minimum 60 days). It utters that it would offer a severance package starting at 16 weeks’ salary positive two weeks for every additional year at Google. Entitled workers will also receive pluses and healthcare benefits as per their contracts. On the other hand, Google workforces outside the US will receive a severance bundle as per their agreements and local guidelines.
Pichai complements that Google will organize a town hall with staff on Monday. His letter reads, “As an almost 25-year-old corporation, we’re bound to go through difficult economic cycles. These are vital seconds to sharpen our focus, re-engineer our cost base, and shortest our talent and capital to our highest priorities.”
Although the news of mass layoffs is unfortunate, the development is not completely surprising. In Mid-2022, Google stopped hiring and Pichai even indicated that workers are not working hard and they should not equate fun with currency. Pichai had said, “We don’t get to choose the macroeconomic situations always”.
Whereas the Google CEO has said that impacted workers will receive plusses, a new report suggests that Google has behind in paying year-end bonus checks for employees this year. This is quite infrequent for Google employees, as the company frequently rolls out a complete bonus in January all year.