Seems like all Fortune 500 companies are laying off 5-10% of their staff every year to pump end of year report.
Have seen cuts across multiple industries. Not just tech.
this post was submitted on 02 Nov 2023
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Have seen that too. The canned press release from all of them is something like "as part of our continued effort to make the org more efficient we have aggregated tram X with team Y and as a result a handful of roles were no longer needed. Our company remains focused and confident in our growth". Has AI taken over the PR department too?
From what I can see, this is not even about individual performance. It looks like a continuous game of musical chair where an entire team here and there is suddenly decimated or completely removed with non-existent internal communication.
They find it easier/cheaper to lay off a bunch of people and then hire again.
Hiring costs for new people don't factor in financial reports apparently.
Hiring is “investment”, wages are “expenses”.
CapEx vs OpEx
The bigger the company, the more they see people as just a headcount. Your performance doesn't matter, your name is unknown, you're not even a number, you are 1 of x number of y's.
Most of f500 is overrated. At a certain point, only driving the stonk is the main motivator to do anything.
Gotta love the stock market. It incentivizes gaming the numbers like this
Pump the stonk 📈🚀🌕
So according to a quick search, Google employs ~ 178k people, making this far less than 5-10%.
But yeah, cuts keep happening until interest rates start trending downwards again, basically.
G fired like 12K people at the beginning of the year.
https://www.npr.org/2023/01/20/1150234270/google-layoffs-12000-jobs
Then smaller groups of layoffs throughout the year and usual churn. Adds up to ~5-6% for the year
This is true, however it's also the first time Google has done a mass layoff, so I wouldn't say it's pointing to a yearly trend.
My company hasn’t! Fingers crossed!🤞
Good luck
I'm sorry, I don't understand. But would you like to hear why employees working on its voice assistant are being laid off by Google?
Even worse, they laid them off by having the voice assistant call to inform them.
"Would you like to reply?"
"... I don't know, but here's what I found on the web."
This is getting wayy 2 real for me
I hope it's the one's who decided to make it so sensitive. I don't need to be lectured by a fucking robot when I tell it to fuck off. I didn't mean to summon it in the first place now it's just going to take longer to go away.
This is the best summary I could come up with:
Google has laid off a handful of employees who worked on its voice assistant, Insider has learned.
The total number of affected employees could not be learned, but the internal document claimed up to 20 individual contributors were laid off.
The document is compiled by employees and collates information posted internally and externally about job cuts.
Google previously announced its plans to overhaul its Assistant with features powered by generative AI, some of which have begun rolling out.
In August, the company said it would eliminate "a small number" of roles as part of the renewed focus.
Contact reporter Hugh Langley at hlangley@protonmail.com or on the encrypted messaging apps Signal and Telegram at +1 (628) 228-1836.
The original article contains 326 words, the summary contains 116 words. Saved 64%. I'm a bot and I'm open source!
Just got this blog article in my email from Google, might shed some more light as to why this layoffs happened.
https://blog.google/products/assistant/google-assistant-bard-generative-ai/