Plan to remove 10,000 employees, investor pressure on the company with cost cutting. Google Plan to lay off 10,000 employees, investor pressure on company with cost cutting | NewsBust Plan to remove 10,000 employees, investor pressure on the company with cost cutting. Google Plan to lay off 10,000 employees, investor pressure on company with cost cutting | NewsBust

Technology

Plan to remove 10,000 employees, investor pressure on the company with cost cutting. Google Plan to lay off 10,000 employees, investor pressure on company with cost cutting

By Vansh Sangwan - November 22, 2022

feature img
  • Hindi News
  • tech auto
  • Google Plans To Lay Off 10,000 Employees, Investor Pressure On Company With Cost Cutting

washington9 minutes ago

  • copy link

Google’s parent company Alphabet may soon lay off 10,000 employees. This claim has been made in a report of Information. This is being done due to pressure from activist hedge funds, market conditions and cost cutting.

According to the report, Google managers have been asked to analyze and rank ‘underperforming’ employees. The company’s plan is to reduce 6% staff. The lowest ranked employees will be fired from the company.

Google has more employees
Britain’s hedge fund billionaire Christopher Hahn wrote a letter to Alphabet. It said that the employees of Alphabet are paid much more than other tech giants and there is a need to cut the number of employees.

187,000 employees in Google
Alphabet has approximately 187,000 employees. According to Hahn, the number of employees does not match the needs of the current environment in the company. Hahn claims that the search engine can be run efficiently with very low-paid professionals.

Average Employee Salary $295,884
Last year, the average salary for Alphabet employees was about $295,884, according to a Securities and Exchange Commission filing. Hon said in his letter that this salary is almost 70% more than what Microsoft is paying to its employees. Compared to America’s 20 biggest tech companies, Alphabet paid its employees 153% more than its competitors.

Twitter, Meta, Amazon also laid off
Before Google, companies like Twitter, Meta, Amazon have also done big layoffs. Twitter has fired about 50% of its employees while Meta has fired 11,000 people in the biggest layoff in its history. At the same time, it has been claimed in the New York Times that more than 10,000 employees have been laid off in Amazon as well. Amazon itself had informed that the layoffs would continue till next year.

There is more news…

Vansh Sangwan

Related Stories

Latest Article

India

Conspiracy was being hatched for serial killing, after 5 murders, she was going to hide her lover too. Conspiracy was being hatched for serial killing, after 5 murders the lover was also going to hide

Updated December 2022

Education

Opportunity in Nuclear Power Corporation for those in the age group of 18 to 35 years, will get 44 thousand salary. Opportunity in Nuclear Power Corporation for 18 to 35 year olds, will get 44 thousand salary

Updated December 2022

Sports

Teams will be able to field the 12th player, change allowed till the 14th over of the innings. Teams will be able to field the 12th player, change allowed till the 14th over of the innings

Updated December 2022

Sports

Argentina, Portugal qualify; Know which teams will clash in Round of 16. Argentina, Portugal qualify; Know which teams will compete in Round of 16

Updated December 2022

Education

Choose the job which will help in preparation…Save time by multitasking. Choose work that helps in preparation… save time, do two things at once

Updated December 2022

Business

In the last 10 days, the price increased by 1 thousand 261 rupees, due to the weakness of the dollar, it increased. Price increased by Rs 1,261 in 10 days, the boom may continue

Updated December 2022

Business

TCS tops in employing women, 16% of the directors on the board of 500 valuable companies are women. TCS tops in employing women, 16% of directors on the board of 500 valuable companies are women

Updated December 2022

Health

Accept it instead of getting upset; Benefits of holding breath for 6 seconds. Accept it instead of getting upset; Benefits of holding breath for 6 seconds

Updated December 2022

India

JEE Main 2023: Registration Starts From This Day On Jeemain.nta.nic.in, See Details Here

Updated December 2022

India

Safest Uttar Pradesh Will Become Country’s Number One Economy: CM Yogi Adityanath

Updated December 2022

Education

Practical and physical of Fireman-AFO recruitment will be held from 12 to 28 December. Practical and physical of Fireman-AFO recruitment will be held from December 12 to 28

Updated December 2022

India

State Medical Faculty Has Tied Up With 12 Institutions To Improve The Quality Of Nursing And Paramedical Institutions

Updated December 2022

Sports

beat Portugal in a thrilling encounter; Hee-chan hits the decider. FIFA World Cup 2022 South Korea Beat Portugal | Qualifies For Playoffs

Updated December 2022

Sports

beat Ghana; Portugal- South Korea Qualify | beat Ghana; Portugal- South Korea qualify

Updated December 2022

India

Driver Got Heart Attack, Bus Crushed Many Vehicles, Two Died

Updated December 2022