Amidst layoffs and a slowing down of the hiring process being seen by large companies as an avenue to strengthen their revenues. Global tech major Google has introduced a new performance management system, which could push out thousands of underperforming employees, according to reports. Google plans to layoff 10000 employees based on the performance levels.
Multiple news reports quoted technology-focused publication. The information making a mention of the new performance management system. The tech publication also said Google’s managers could also use the performance ratings to avoid paying employees bounces and stocks.
Under the new system, managers have been asked to categorize 6 per cent of employees or roughly 10,000 people. As low performers in terms of their impact on the business. The information reported quoting people with knowledge of the new system.
Recently, some of the global tech leaders –Amazon, Twitter and Meta laid off thousands of employees.
Further, the New York Times last week reported that Amazon too was planning to lay off approximately 10,000 employees in corporate and technology roles. The report said the cuts would be the largest in company’s history.
Reports also said Microsoft too has enforced job cuts.
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