Google Layoffs: HP Job Cuts, Amazon’s Voluntary Resignation
Google has joined the tech firing brigade as it is reportedly going to layoff 10,000 employees
Google Joins Layoff Brigade
The move by Google comes in response to pressure from an activist hedge fund, unfavourable market circumstances and the need to downsize
Reason For Google Layoffs
Google employees with low-performance ratings will be laid off. The company is reportedly willing to let go of 6 per cent of its employees
Low-performance Ratings
Google is set to use a ranking system and the lowest-ranked employees are expected to be fired from the company
Google Ranking System
Google’s hirings shot up rapidly in the past quarter despite expert warnings about the tech giant’s inflated workforce as well as Google’s salaries
Spike In Hirings In Last Quarter
Alphabet’s Google employs 1,87,000 employees, making it one of the biggest employers in the tech industry
Google’s Workforce
Another tech company to join the layoff bandwagon is HP Inc. The laptop and electronics manufacturer announced that it will slash around 6,000 jobs by end of 2025
HP Announces Layoffs
After Amazon decided to layoff 10,000 employees globally, its Indian arm started sending out Voluntary Separation Program (VSP) to Amazon India employees, urging them to quit voluntarily
Amazon Voluntary Resignation
Amazon, Meta, Twitter, Microsoft and other big tech giants have announced layoffs recently owing to the looming recession in the US and falling profits