If results don’t live up to expectations, layoffs will be implemented, Google executives are warning their staff.
Senior leadership reportedly informed staff members in the Google Cloud sales division that there would be a “overall examination of sales productivity and productivity in general.”
The sales team was told that if third quarter results “don’t look up, [then] there will be blood on the streets.” Insider was the first to report the warning.
After the company quietly extended its hiring freeze this month without making an announcement, employees told the news site that they are afraid of being laid off.
In an all-hands meeting held late last month, Google CEO Sundar Pichai advised his staff to increase their productivity and focus in light of the severe economic downturn that has compelled widespread cost-cutting across the technology industry.
Pichai stated that he was looking for suggestions from his staff on how to achieve “better results faster.”
“It’s clear we are facing a challenging macro environment with more uncertainty ahead,” Pichai said. “There are real concerns that our productivity as a whole is not where it needs to be for the head count we have.
Last month, the search engine also announced a two-week hiring freeze. However, it has not yet changed its mind, leaving employees fearful, according to Insider.
One employee told Insider that since Pichai’s remarks, “everyone has been talking about the company tightening its belt.”
Other media companies in the same path
Not just Google has given its employees notice; other tech companies have done the same.
Founder and CEO of Facebook’s parent company Meta, Mark Zuckerberg, attributed a number of cost-cutting measures, such as a hiring freeze, to “one of the worst downturns that we’ve seen in recent history.”
Additionally, Zuckerberg made it clear that the business would fire any employees who did not meet expectations.
“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” said Zuckerberg in a recent staff meeting.
As a result of reducing hiring, Twitter, a social media competitor of Facebook, recently revoked a job offer to a Palo Alto man.
A message from Twitter CEO Parag Agrawal earlier this year informing staff of the hiring pause cited a recent failure to meet growth and revenue targets.
Since Tesla CEO Elon Musk agreed to buy the business for $44 billion before pulling out of the deal, the company has been in disarray. In an effort to enforce the terms of the contract, Twitter is currently suing Musk.