Google’s parent company Alphabet has decided to lay off 10,000 of its employees. These will include those employees whose performance has been weak for some time. meta, amazon, Twitter After Alphabet, the next tech giant is going to show the way out to such a large number of employees. According to the information received, the company is now going to implement a new system of ranking and performance for its employees, after which the company will gradually start removing weak employees. For this, the managers of the company have been instructed to identify those 10,000 employees whose performance is weaker than the rest of the employees.
Alphabet The total staff strength is said to be around 1.87 lakh. According to the report given by the American Securities and Exchange Commission last year, the company spent $2,95,884 on the salaries of its employees. Now the reason behind the retrenchment of such a large number of employees has also come to the fore. According to media reports, there has been a huge decline in the profit of Alphabet. The company has suffered a 27% loss in profit this year. In the third quarter, the company is said to have made a profit of $ 14 billion. This figure is 27 percent less than the profit made last year.
Even before this, many big tech companies have laid off their employees. Amazon has talked about laying off 10,000 of its employees. Out of Amazon with more than 16 lakh workforce, 10,000 people have been fired. Facebook’s parent company Meta layoffs has also decided to take out its 11,000 employees. Meta has admitted that its earnings have declined. Twitter has laid off 50 percent of its permanent staff (about 3,700 employees). Snapchat’s parent company Snap has reduced about 1250 workforce.