Google had announced the largest round of layoffs in its history. We are at times wondering that why companies like Google or Microsoft need to fire their employees in bulk when they are making profit bag full. Google to cut executive bonuses, CEO Sundar Pichai announces. Executive bonuses will be reduced as a result. CEO Sundar Pichai confirms the news.
Google trade unions are fighting the firing of employees.
Companies may fire employees for a variety of reasons, including poor job performance, violation of company policies, violation of laws or regulations, or for financial reasons such as downsizing or restructuring.
Additionally, a company may terminate an employee if they are found to have engaged in misconduct, such as theft, harassment, or discrimination. In some cases, an employee may be terminated for reasons that are not directly related to their job performance, such as personal issues or conflicts with management.
Yes, like any other company, Google has the ability to terminate the employment of its employees for various reasons. Google, like many other companies, has a set of policies and procedures in place for addressing employee performance and behavior issues, and employees who violate these policies or fail to meet performance expectations may be subject to disciplinary action, up to and including termination. Additionally, Google, like any other company, may make the decision to terminate employees for financial reasons such as downsizing or restructuring.
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Update
Ford announces thousands of job cuts in Europe, focusing on EV development : Ford Motor Company plans to cut thousands of jobs in Europe, mainly in vehicle development.
Most job cuts will take place in Germany and the UK, but other facilities may be affected too.
Ford is shifting its production strategy to larger vehicles and EVs. Unions in Europe are threatening to step in following news of the job cuts.
Tata Group, Adani & Reliance have employed more than 13 Lakh employees and they are making sure that they donot fire their employees in bulk like global firms are doing so.. We are proud of Indian companies. Indian businesses value people more than the money.
Update
IBM plans to fire 5% of it's workforce.
Around 12000 people
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