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Google's parent company is planning to cut tens of thousands of jobs

via:新浪科技     time:2022/11/26 15:02:14     readed:164

Google's parent company Alphabet is considering laying off 10,000 employees, or about 6 percent of its global workforce, according to Information.com, a Us-Based media outlet that tracks the technology industry.

The layoffs will be based on performance reviews, and those with the lowest ratings will be cut, the report said.

Google launched its Googler Review and Development program earlier this year to set "clear expectations" and provide "regular feedback" on employee performance, Marketwatch quoted a Google spokesperson as saying Tuesday. But the spokesman declined to comment on reports of job cuts.

Marketwatch said Google had no choice but to "tighten its belt" in the face of a sluggish advertising market and a tough macroeconomic environment.

Alphabet executives previously said they had to make the company 20% more efficient.

Christopher Horne, founder of the Children's Investment Fund Management (TCI), published an open letter last week urging Alphabet to slash staff and pay in order to reduce operating costs. TCI, a hedge fund based in London, England, is one of Alphabet's major shareholders.

Horn also urged Alphabet to shrink at least half of its lossmaking businesses, including Waymo, which makes self-driving technology. These businesses have lost $20bn over the past five years.

Software executive Tom Siebel told Marketwatch that layoffs in the technology industry are "just getting started." "Companies large and small will feel the sting" before the wave of layoffs is over. (End) (Bu Xiaoming)

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