Reuters’s Report It has been told that Alphabet’s Chief Executive Officer, Sundar Pichai has given this information in a staff memo. “I believe there is a huge opportunity ahead of us. The value of our products and services and our early investments in AI will position us strongly,” he added. The company is postponing the payment of a part of the year-end bonus to its staff. Alphabet says this is being done as part of a transition to a new performance management system for workers. The company will pay 80 per cent advance bonus to the eligible workers and the rest will be given later.
In the last few months, due to the uncertain economic situation, many tech companies have laid off. These include Facebook-run Meta, Amazon, microblogging site Twitter and Chinese smartphone maker Xiaomi. Recent Global Software Company Microsoft had announced the removal of about 10,000 workers. Microsoft is losing out on reducing costs for customers associated with cloud computing. The company is under pressure to maintain the growth rate of its cloud unit Azure. For the past few quarters, the personal computers market has been hit by the recession and this has affected the sales of Microsoft’s Windows and devices. Microsoft will announce the results of the last quarter on January 24.
The company had around 2,21,000 workers at the end of the June quarter last year. Of these, about 1,22,000 were in the US and the rest in other countries. The company’s decision to lay off indicates that workforce cuts may continue in the tech sector. Recently, Microsoft’s Chief Executive Officer Satya Nadella warned of challenges for the tech sector for two years. He said that Microsoft will also face challenges and tech companies need to become efficient.