Tag Archives: staff

Google is planning to reduce senior executives’ pay as part of a cost-cutting drive that includes laying off 12,000 workers.  Sundar Pichai, chief executive of Google and its parent Alphabet (ticker: GOOG), said employees at the senior vice president level and above would get lower bonuses, The Wall Street Journal reported, citing people who heard the remarks at a companywide meeting on Monday.  Source link

Google staff are overpaid and the tech giant must cut thousands more jobs, a British activist investor has said. Sir Chris Hohn, who previously donated to Extinction Rebellion, wrote in a letter dated January 20 that Google’s 12,000 layoffs did not cut deep enough to reduce bloat at the tech giant. The billionaire founder of The Children’s Investment Fund Management (TCI) , who holds a $6bn stake in Google-parent company Alphabet, wrote to chief executive… Source link

A Google engineer laid off after 16 years said the tech giant sees staff as “100% disposable.”Beata Zawrzel/NurPhoto via Getty Images An engineering manager laid off by Google said the tech giant sees staff as “100% disposable.” Justin Moore said on LinkedIn that he was laid off through an automatic account deactivation. Moore was one of 12,000 people affected by the company’s mass layoff last week. A Google engineer laid off after over 16 and a half years at the firm said the tech giant views… Source link

An engineering manager laid off by Google said the tech giant sees staff as “100% disposable.” Justin Moore said on LinkedIn that he was laid off through an automatic account deactivation. Moore was one of 12,000 people affected by the company’s mass layoff last week.  … Source link

Google’s parent company has announced thousands of lay-offs (Yui Mok / PA) It’s been a turbulent few months for the world of tech and social media, as countless companies have cut tens of thousands of jobs worldwide. At the tail end of 2022, Twitter infamously made nearly 4,000 workers redundant overnight, Snap Inc, the company behind Snapchat, cut its workforce by a fifth, and Facebook’s parent company Meta actioned 11,000 layoffs. TikTok has also been in choppy waters, which led to the… Source link

The ongoing wave of tech industry redundancies continues as Google has announced it’s laying off 12,000 staff, the largest in company history. CEO Sundar Pichai announced the lay-off’s in a blog post, saying that Google had previously “hired for a different economic reality than the one we face today” and that jobs would be cut across a variety of different departments. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with,” Pichai… Source link

Jan 19 (Reuters) – Alphabet Inc’s Google is deferring a portion of its employees’ year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday. The company will pay 80% advance bonus to eligible employees initially and the remainder in later months, a spokesperson told Reuters, adding that the move was communicated to staff last year. The development comes amid tech companies’ attempts to limit spending amid a broader slowdown in… Source link

(Reuters) – Alphabet Inc’s Google is deferring a portion of its employees’ year-end bonuses as part of a transition to a new performance management system, the search engine giant said on Thursday. The company will pay 80% advance bonus to eligible employees initially and the remainder in later months, a spokesperson told Reuters, adding that the move was communicated to staff last year. The development comes amid tech companies’ attempts to limit spending amid a broader slowdown in demand and… Source link

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… Source link

Crypto lender Genesis is cutting 30% of its staff in another round of layoffs, the company said Thursday. First reported by the Wall Street Journal, this latest round of job cuts comes two months after it froze customer withdrawals. Genesis is a crypto financial services company with trading, lending, market making, and custody businesses that is owned by Digital Currency Group (DCG). DCG also owns Grayscale, sponsor of the world’s largest bitcoin trust, GBTC, as well as crypto media outlet,… Source link