As big tech companies begin to lay off employees in the global economic downturn, Google executives have reportedly warned workers to either boost performance or prepare to leave. CEOs have stated that there will be blood on the streets if next quarter earnings aren’t good.
The standard for productivity at Google is determined in a quarterly assessment. If the results are not satisfactory, employees can be terminated.
A person with knowledge of an ominous message disclosed to a sales team has revealed the warning to Insider, according to the article.
Google’s employees are now “fearful of layoffs” after the company extended its hiring freeze earlier this month without officially announcing it.
Read what the company has to say about their employees and layoffs.
Google CEO Sundar said that productivity levels must be improved as economic conditions are tough.
Pichai wants to get more ideas on how to produce “higher quality” results.
His concern is that they are not productive enough given the head count they have.
Google has created an HR freeze to get an internal audit of their headcount in order to create a more streamlined workforce.
The CEO of Google believes that the current environment is not good and he expects even more uncertainty.
Alphabet, Google’s parent company, reported lower revenue and earnings for the 3-month period (Q2).
Revenue growth in the first quarter of 2018 has slowed from last year’s 62% to 13%.
Other companies in the current downturn have laid off workers, reduced hiring, or slowed down recruitment rates. LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber and Spotify have all scaled back their recruitment efforts.
The entire article is generated by a layering algorithm and machine learning.