Alphabet is reportedly gearing up to lay off about 10,000 “poor performing” employees, or 6 per cent of its workforce, in the Big tech layoff season kicked off by Meta, Amazon, Twitter, Salesforce and more amid the rough global conditions
According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan
A new performance management system could help managers push out thousands of under performing employees starting early next year
Managers could also use the ratings to avoid paying them bonuses and stock grants,” the report mentioned
Under the new system, managers have been asked to categorise 6 per cent of employees, or roughly 10,000 people, as low performers in terms of their impact for the business
The new system also reduces the percentage of employees that can score a high rating
Alphabet that has a workforce of nearly 187,000 employees is yet to comment on the report
The median compensation for an Alphabet employee last year was around $295,884, according to a US Securities and Exchange Commission (SEC) filing