Google-Meta, employees are asked to find another job within the company, but those who can’t do it are out
Also Half And Google do not escape the cost cutting (and the staff) who have been crushing them for months Big Tech of the planet. Palo Alto, according to a report by Wall Street Journalwould be struggling with a rationalization plan resources and internal reorganization: an expected cost cut of 10%. Google he invited, as the newspaper reports, some of his employees to look for another job within the company.
Inflationslowing down of growthinternational crisis, rising labor costs, reflections of the post-pandemic: this is the combination that is leading many American companies to tighten the belt (which then means reducing the workforce).
However, few use the term “layoffs“. Snap did it, which at the end of August announced a 20% staff cut (after increasing the number of employees by 65% since the end of 2020): 1300 employees. departments and the possibility offered to employees of a period to look for a new internal position (if after a month you have not relocated you are out: this is the practice), without talking about “layoffs” in internal discussions. This is what the company expects Mark Zuckerberg.
As is clear from its latest quarterly, the parent company di Facebook it is forced to contend with a 22% year-on-year increase in costs and expenses totaling nearly $ 20.4 billion. The company has invested heavily in Metaverse in the hope that this technology, yet still to be developed, will lead to massive sales and revenues.
The company also registered his first decline in revenues ever since a year ago and predicted that its sales would decline again in the third quarter. Chief Product Officer Chris Cox wrote in a note to employees that the company must “perform flawlessly in a slower-growing environment, where teams shouldn’t expect large influxes of new engineers and budgets.”
To weigh on the company of High pole also Apple’s privacy update for iOS 14 last year, which made it harder for Half provide advertisers with detailed information about its users: with the consequence that they are shifting their investments to other platforms. Then there is the rise of TikTok, which has weighed on the growth of the company’s users. Meta said it had 83,553 employees at the end of the second quarter, up 32% from a year ago.
Also to Mountain View are struggling with cost cutting. Google, according to the Wall Street Journal report, has required some employees to apply for new jobs if they want to stay with the company. Big G typically gives employees 60 days to apply for other roles in the company. In March, more than 1,400 workers of Google signed a petition asking the company to extend the 60-day period to 180 days for a group of over 100 employees in the cloud computing division.
According to a spokesperson for Googlealmost 95% of employees who have expressed an interest in remaining in the company find new roles within the notice period. Alphabet declared 174,014 employees at the end of the second quarter, up 20.8% over the previous year.
Article by Alessio Nisi (AGI)
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