Google’s parent company Alphabet prepares to lay off 10,000 employees

Alphabet, Google’s parent company, is reportedly gearing up to lay off about 10,000 “poor performing” employees, or 6 per cent of its workforce, in the Big tech layoff season kicked off by Meta, Amazon, Twitter, Salesforce and more amid the rough global conditions.

According to a report in The Information, Google plans to ease out 10,000 employees through a new ranking and performance improvement plan.

“A new performance management system could help managers push out thousands of underperforming employees starting early next year. Managers could also use the ratings to avoid paying them bonuses and stock grants,” the report mentioned.