Tech Giant Prepares For Another Round of Layoff: Goggle CEO Mr.SundarPitchai in a recent meeting spoke about the possibility of another round of layoffs for their employees without mentioning the section and sectors. The company laid off almost 12,000 employees in January 2023.
This is a huge number of layoffs, but after 2 months the company is preparing for another round of layoffs. Sundar said that the company is looking for every aspect to improve its cost and taking measures to enhance its efficiency by 20%.
Since January 2023, many companies are announcing their layoffs due to the slow-paced character of economic status. Many companies make recession in employee’s perks to minimize their annual spending costs to improve their profit.