More layoffs are on the way after the New Year holiday and technology companies are planning to lay off thousands of employees in January. According to data from the Bureau of Labor Statistics in the US, January is going to be the top month for layoffs and furloughs.
carefully considered company
Vice President and Principal Analyst at advisory firm Forrester Research J.P. According to Gounder, business leaders are looking to set up finance for success in 2023. It’s a good bet that tech companies that haven’t laid off employees yet are carefully considering whether to do so.
He added that it would not be surprising to see more layoffs in the next few weeks. For many companies, December marks the end of the fiscal year, making January an ideal month for organizational restructuring and adjustments.
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job cuts in the new year
- Goldman Sachs CEO David Solomon has warned employees that job cuts are on the way in the new year and the reduction in workforce will happen in the first fortnight of January.SC
- As The New York Post reports, the CEO of the investment bank has warned its employees at the end of the year that mass layoffs will begin in the next few weeks.
- We are carefully reviewing and discussions are still ongoing, Solomon said, adding that we expect to reduce our workforce in the first half of January.
hammer on job will also work in google
Google and Amazon are about to lay off thousands of employees in early 2023. Google is already evaluating employees with its own performance rating system called Google Review and Development.
6 percent layoff expected
Google is expected to lay off about 6 percent of its full-time employees under the new system. According to The Information, under the new system, managers have been asked to classify 6 percent of employees, or roughly 10,000 people, as underperformers in terms of their impact to the business. Some Google employees are interpreting recent management decisions as a warning sign that the company is planning widespread layoffs.
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