SnoozyKoala

Google layoff details

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected.

Outside the US, we’ll support employees in line with local practices.

29mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

ZippyLlama

Student29mo

Why isn't Apple laying off ?

SnoozyKoala

Swiggy29mo

No overpaying, no over hiring. Plus they’re doing good, safest company out there.

SwirlyTaco

Salesforce29mo

Apple stock has fallen the least when compared to other FAANG companies.

MagicalCupcake

60 Decibels29mo

Tech hiring winter in full swing.

SnoozyKoala

Swiggy29mo

It’s bad

QuirkyBoba

Porter29mo

Good luck. Any comp details for India?

DerpyNoodle

Google29mo

Nothing as yet. But a sad day indeed for the affected ones. :(

FloatingLlama

KPMG29mo

Elon Musk started this shit with firing at Twitter... Then Meta and then everyone jumped onto that bandwagon as an excuse that if everyone is doing it, they won't be singled out as the bad guys!

SparklySushi

Student29mo

Same thought. If everyone is doing it then there would be lesser bad PR

WigglyPretzel

Arista Networks29mo

Salaries that were in stratosphere due to fang/startup effefts will come back to earth now.

SquishyPickle

Amazon29mo

Who’s left ? Netflix ?

SnoozyKoala

Swiggy29mo

Their quarterly results were really bad. CEO stepped down

SleepyBagel

Manhattan Associates29mo

Their results were better than estimates actually. But the CEO did step down

JazzyBagel

Reliance Retail29mo

Genuine q: how does these layoff improve these company’s balance sheets? I mean cost saving will be minuscule as compared to overall yearly revenue, isn’t it ?

GoofyUnicorn

Infosys29mo

Nope. The cost adds up each year. R&D result pays off after several years. Now Google is putting a halt on those plans which means these employees are not needed any more.

JazzyBagel

Reliance Retail29mo

But 5-6% attrition will happen anyway in a year. Just stop hiring and workforce count will decrease by this much %. Why layoffs then?

SnoozyKoala

Swiggy29mo

Affected number, and affected Product areas and functions for countries outside the US haven’t been decided yet

WigglyPretzel

Arista Networks29mo

https://www.moneycontrol.com/news/trends/lay-off-1-5-lakh-google-staff-hedge-fund-billionaire-christopher-hohn-to-sundar-pichai-9920341.html

WigglyPretzel

Arista Networks29mo

Scary if followed up on

GoofyWalrus

IBM29mo

Tech apocalypse has begun

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Curated from across

Layoffs24mo

by SleepyHamsterGrowth Manager

Layoff at BYJUS as mentioned by articles

As per internal company sources: This is big like 500+, lots of folks cut in platform teams, brand teams, marketing teams, business teams, product and tech. Wish everyone there all the best. This shall too pass!