Retrenchment: Layoffs have been announced to increase efficiency in Google. During this period, 10 percent of people will be removed from a multinational company like Google.
Google Layoffs: It is often said that the world thinks according to Google. As soon as people search for any information, they believe the information that comes up on top to be true and to a large extent they also act on it. Google is considered a trend setter in the IT sector. Google’s work culture is also cited as an example. To increase efficiency in the same Google, massive layoffs have been announced. During this time, 10 percent of the people will be fired from a multinational company like Google. Google is doing this in the name of reducing the loss in the company’s profits and expanding the network of AI based IT products. This layoff is mostly among management level officials. These include officials from director to vice president level.
Is AI product the reason?
Experts also believe that due to the development of generative AI based facilities, the demand for other Google products has decreased significantly. Not only this, Google’s AI platform Gemini has not lived up to the demand of the people. Due to this, the balance sheet of the company is getting disturbed. Most of the IT companies lagging behind in the development of generative AI based facilities are suffering from a decrease in profits. Due to this, there are fears of recession in the IT industry. To overcome these situations, Google is bringing its new AI tool whisk. This is an image generator platform. Other IT companies are also involved in the race to develop more and more AI products.
What is Googleyness, in whose name this drama is happening
Google CEO Sundar Pichai himself has informed about the plan to lay off 10 percent of the employees after the company meeting. The purpose behind this is to not let Google become weak in the competition with AI-focused companies. Sundar Pichai said that it has become necessary to do this to promote Googleyness, a symbol of Google’s culture and values. Because only with this the company’s policies can be changed to face modern challenges.
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