Google’s parent company may lay off 10,000 ‘underperforming’ employees starting next year: Report

At a time when Silicon Valley companies are on a firing spree, Google is one of the few companies that has stayed away from showing its employees the exit door. However, this could change soon as a report claims that the pressure to improve the productivity of its workers is forcing the company to rethink its decisions.

The Information recently reported that Alphabet – the parent company of Google – is implementing a new performance management system that will help team leaders and managers to get an in-depth idea about underperforming employees. These underperforming employees – which could be up to 10,000 – may then be fired from the company. The report claims that this could happen as early as next year.

The new rating system, which Google reportedly announced in May, will also help managers avoid paying low-performing employees bonuses and stock grants. The new system also reduces the percentage of employees that can score a high rating.