Google executives have reportedly warned employees of possible layoffs if quarterly results don’t look good. This has created panic among employees who fear losing their jobs. A screenshot seen by Insider reveals that the Google Cloud’s sales executive threatened its employees, saying there would be a “comprehensive review of sales productivity and productivity in general” and that if next quarter’s results “don’t look up, it will there will be blood in the streets”.
It comes after the company announced a two-week hiring freeze in July, but the company shows no signs of reversing the freeze. A Google employee told Insider they were worried about possible layoffs after the company implemented a two-week hiring freeze that has yet to be reversed. “Everyone talked about the company tightening their belts,” one employee said.
Google CEO Sundar Pichai told employees productivity needed to be improved as the company reported its second straight quarter of weaker-than-expected profits. “Create a culture that is more mission-driven, more product-driven, more customer-driven. We should think about how we can minimize distractions and really raise the bar on both product excellence and productivity,” he said, as quoted by CNBC. Additionally, he acknowledged that the company is “facing a challenging macroeconomic environment with more uncertainty ahead.”
“There are real concerns that our productivity as a whole is not where it should be for the workforce we have,” he added.
During the meeting, Pichai also announced the launch of “Simplicity Sprint” – an initiative to increase overall employee effectiveness through ideas. “I would love to get all of your help,” Pichai said, announcing that employees could share their ideas in an internal survey until Aug. 15.
Meanwhile, as the tech industry grapples with uncertain economic conditions, a number of tech giants such as Meta, Netflix and even Twitter have slowed hiring.