Google gears up for layoffs after hiring freeze

Google executives have warned workers to either boost performance or prepare to leave.

Insider report on the situation revealed that a company-wide message said that “there will be blood on the streets” if the next quarterly results do not improve. It also claimed that Google Cloud’s sales management had threatened employees with an “overall examination of sales productivity and productivity in general” before the third-quarter evaluation.

News of imminent layoffs follows Google’s decision to halt hiring. Google, like other technology platforms, has instituted hiring freezes to cushion the impact of the economic downturn and inflation as companies scale back their advertising plans.

Google’s parent company Alphabet reported weaker-than-expected profits in the previous quarter, and revenue growth slowed to 13 per cent from 62 per cent in the same quarter last year.

To counter the declining revenue, Google stopped hiring new candidates for a few weeks to review current employees and decide on the future course.

Like Facebook’s Meta, Alphabet and Google CEO Sundar Pichai warned employees that improving productivity was urgently needed to effectively counter fierce economic headwinds.

The sources for this piece include an article in MASHABLE.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web