According to reports, Google has implemented a new performance management system that might result in the dismissal of thousands of underperforming employees.
According to sources, Google has implemented a new performance management system, which could drive away thousands of failing staff, amid layoffs and a slowdown of the recruiting process being considered by huge corporations as an avenue to boost their profits.
Multiple news outlets cited the technology-focused website The Information as mentioning the new performance management system, which, when deployed early next year, might allow human resource managers to fire underperforming Google employees.
According to the tech journal, Google's management may potentially exploit the performance scores to avoid paying staff incentives and stock options.
According to sources familiar with the new system, "under the new approach, managers have been asked to label 6% of employees, or around 10,000 people, as low achievers in terms of their influence on the business."
Managers were supposed to place 2% of employees in that bucket under the prior performance assessment method, according to the reports.
Several major technology heavyweights, including Amazon, Twitter, and Meta, have recently laid off thousands of staff.
After taking over the micro-blogging service, Twitter CEO Elon Musk planned to lay off approximately half of its 7,500-person worldwide workforce.
Additionally, the New York Times reported last week that Amazon was intending to let off around 10,000 people in business and technological areas. According to the article, the layoffs would be the largest in the company's history.
Meta, Facebook's parent company, announced the layoff of around 11,000 people, or 13% of its global workforce. It is the 18-year-old social media behemoth's first widespread redundancy experiment.
According to reports, Microsoft has also implemented employment layoffs.