This article was originally published on August 13, 2022.
In July, alphabet inc announced a hiring freeze is due to global economic uncertainty.
According to a new Business Insider reportthe company doesn’t appear to be reversing the hiring freeze, and employees are nervous about the decision.
According to Business Insider, senior executives at Google’s cloud sales division are urging their employees to develop and warn there could be layoffs if results don’t live up to expectations.
The leadership team has informed them that there will be an “overall review of sales productivity and productivity in general.”
According to the report, the warning reads – if third-quarter results are “not looking up, [then] there will be blood in the streets.”
According to CNBC reportGoogle launched an initiative called the Simplicity Sprint to increase efficiency and improve employee focus amid macroeconomic uncertainty.
Also read: Google agrees to pay $118 million to settle lawsuit filed by female employees
During an all hands meeting in July, CEO Sundar Pichai acknowledged that Google’s productivity was nowhere near matched despite its headcount, reflecting a challenging macro environment with even greater uncertainty.
He said he wants to get ideas from his employees to get “better results, faster.”
Pichai recently shared his plans to slow hiring and investment through 2023, urging employees to work “with greater urgency” and “more hunger” than “on sunnier days.”
Google isn’t alone in facing the wrath of the economic slowdown. Meta chairman Mark Zuckerberg told employees in July that the company plans to do so reduce its hiring target for engineers from 10,000 to between 6,000 and 7,000 amid the market downturn.
“Realistically, there’s probably a lot of people at the company who shouldn’t be here,” Zuckerberg said.
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