Massive Google Layoffs – Christopher Hohn, a British Billionaire Hedge Fund manager, writes to Mr. Sundar Pichai, CEO of Google and its Parent Company, Alphabet, to further cut 150,000 Jobs [20% of the Total Workforce] through a letter.
We saw earlier this week how google announced massive layoffs of 12,000 employees, which was the biggest ever layoff by google in history. But this is not the end. One of the British billionaires, Mr. Hohn, has said on this that the company had made the right decision, but it has to further cut off some more employees for its success, and that cut-off will cost 150,000 more jobs.
Hohn Advised Further 150,000 Google Layoffs
In his letter, Mr. Hohn said that Google had onboarded many more employees than the requirement over the last five years. Of the 100,000 employees, 30,000 have been added to google only within the 9 months of CY2022 alone.
Now Google has taken the right step by Google layoffs of 12,000 employees, but it has a smaller cut-off than they have hired. They have to match their headcount and cost. For that, Hohn has advised Google CEO Sundar Pichai for further layoffs of around 150,000 employees, which will be around 20% of the workforce.
Further, Mr. Hohn has advised that the median salary of Google’s Parent company, Alphabet is around $300,000, much higher than recommended. Google should also reduce the incentives because talent competition has also fallen.
In the letter, Mr. Hohn, on the one hand, said that it is never easy to let go of their employees, and on the other hand, he advises Google CEO Mr. Pichai to cut off a further 150,000 employees.
What do you think if google goes for the further Google layoffs of 20% of employees? Will they take the right step, and how will it impact their workforce? Please let us know your views on this advice made by Mr. Hohn.