As Big Tech companies begin laying off employees in the global economic downturn, Google executives are reportedly warning workers to either boost performance or “blood in the streets” if next quarter’s earnings aren’t good. Prepare to leave as will”.
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In a company message seen by Insider, Google Cloud sales leadership threatened employees with “an overall test of sales productivity and productivity in general” and that if next quarter’s results “don’t look up, there will be blood in the streets.” “
If the third quarter results don’t see “above, [then] There will be blood on the streets,” according to a message given to the sales team. The warning was first reported by Insider.
As The New York Post reports, Google employees are “afraid of layoffs” when the company quietly extended its hiring freeze this month without making any announcements.
The company has now reportedly warned employees of layoffs if they do not produce results.
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Alphabet and Google CEO Sundar Pichai told employees late last month that they should improve productivity in the face of dire economic constraints.
Pichai said he wanted to solicit ideas from his employees on how to get “better results faster.”
“There are real concerns that our productivity overall is not where we need to be for head count,” he was quoted as saying.
Google put hiring on hold for two weeks in July to review its headcount requirements and decide on future course of action. The company had earlier announced to slow down hiring for the rest of the year.
According to Pichai, “it is clear that we are facing a challenging macro environment with more uncertainty ahead”.
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Google’s parent company Alphabet reported lower-than-expected earnings and revenue for the April-June period (Q2).
Revenue growth declined to 13 per cent from 62 per cent in the same quarter last year.
Other tech companies that have either laid off employees or slowed hiring in the current economic downturn include LinkedIn, Meta, Oracle, Twitter, Nvidia, Snap, Uber, Spotify, Intel and Salesforce.
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