Alphabet Inc.’s Google is considering cutting 10,000 jobs, or 6% of its global workforce, based on a ranking system that would weed out the lowest-ranked “underperformers,” according to The Information.
Alphabet Inc. (GOOGL)'s Google is considering cutting 10,000 jobs, or 6 percent of its global workforce, in a move based on a ranking system that weeds out the lowest-ranked "underperformers," The Information reported. employees.
A Google spokesperson told MarketWatch in a statement, “Earlier this year, we launched Googler Reviews and Development to help employees access year-round development, coaching, learning and career advancement. This The new system helps establish clear expectations and provides employees with regular feedback."
The spokesman declined to comment on potential layoffs.
Alphabet stock rose 1% in late afternoon trading on Wednesday.
