Google began terminating employees in China: learn more
Recently, Google began terminating workers in China, primarily those who hold senior positions and earn significant salaries, Read to know more!
Recently, Google began terminating workers in China, primarily those who hold senior positions and earn significant salaries. This action is a part of the company’s attempts to raise pay standards, cut operating expenses, and boost productivity. According to Pandaily, the impacted employees would be compensated with cash, shares, medical insurance, and annual leave savings. You’ll get more perks if you agree to leave Google before March 10, 2023. The organisation has also given the impacted workers a three-month grace period during which they will still be paid.
The pay will also include shares and an annual leave discount, as well as 30,000 yuan ($4,339) in cash and health insurance, according to the newspaper. Also, it will detail the advantages of signing the agreement to leave Google before March 10 (2023).
More than 6% of the whole workforce—or 12,000 employees—have been let go by Google’s parent firm, Alphabet. According to Alphabet and Google CEO Sundar Pichai, the layoffs were not random. He expressed sadness about the workforce reduction and accepted full accountability for the choices that caused it. On social media sites like LinkedIn, several impacted employees have discussed their personal stories.
Despite the layoffs, Google is still dedicated to increasing productivity and cutting expenses. With the ongoing global slowdown and economic fears that have hit businesses of all kinds, the decision is hardly surprising. However, the business has taken steps to lessen the impact on the affected employees.