Google has informed staff that there would be fewer senior-level promotions this year than in the past. Google's parent firm Alphabet Inc. laid off over 12,000 employees&nbsp;in January.

“The process (of promotion) is manager-led and will be largely similar to last year – though with our slower pace of hiring, we are planning for fewer promotions to L6 and above, than when Google was growing quickly,” the email stated, according to CNBC.

The term "L6" within Google refers to the first layer of employees; they are people who are regarded as senior and have experience of 10 years or more.

The purpose of this, according to the company, is to guarantee that the increase in the share of "Googlers" holding senior positions corresponds to the organisation's expansion.

ALSO READ |&nbsp;<a href="https://www.wionews.com/world/top-google-executives-summoned-in-canada-over-blocking-news-content-567540">Top Google executives summoned in Canada over blocking news content</a>

These modifications occur as Google introduces its new performance review system, Google Reviews and Development (GRAD). The approach will result in an increase in the number of "Googlers" obtaining negative performance evaluations, and even fewer would receive great ratings, according to a&nbsp;report&nbsp;published by CNBC in December of last year.

Google said in January that it was slashing 12,000 jobs. For several employees, the layoffs were a shock even though there had been months of rumours about them.

Cuts were done after careful&nbsp;consideration, said Chief Executive Officer Sundar Pichai.&nbsp;"We've decided to reduce our workforce by approximately 12,000 roles. We've already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices,"&nbsp;Pichai said in a statement.

(With inputs from agencies) 
 
 
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Google has informed staff that there would be fewer senior-level promotions this year than in the past. Google's parent firm Alphabet Inc. laid off over 12,000 employees in January.

Google has informed staff that there would be fewer senior-level promotions this year than in the past. Google's parent firm Alphabet Inc. laid off over 12,000 employees in January. “The process (of promotion) is manager-led and will be largely similar to last year – though with our slower pace of hiring, we are planning for fewer promotions to L6 and above, than when Google was growing quickly,” the email stated, according to CNBC. The term "L6" within Google refers to the first layer of employees; they are people who are regarded as senior and have experience of 10 years or more. The purpose of this, according to the company, is to guarantee that the increase in the share of "Googlers" holding senior positions corresponds to the organisation's expansion. ALSO READ | Top Google executives summoned in Canada over blocking news content These modifications occur as Google introduces its new performance review system, Google Reviews and Development (GRAD). The approach will result in an increase in the number of "Googlers" obtaining negative performance evaluations, and even fewer would receive great ratings, according to a report published by CNBC in December of last year. Google said in January that it was slashing 12,000 jobs. For several employees, the layoffs were a shock even though there had been months of rumours about them. Cuts were done after careful consideration, said Chief Executive Officer Sundar Pichai. "We've decided to reduce our workforce by approximately 12,000 roles. We've already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices," Pichai said in a statement. (With inputs from agencies) WATCH WION LIVE HERE:

Google to see fewer promotions to senior roles this year: Report

A Google senior manager recently fired as part of the tech giant's cost-cutting measure seeks to start his own business within six weeks. Six other former Google employees who were also let go similarly are helping to support the man, Henry Kirk.

One of the 12,000 employees let go by Google was Kirk, who spent eight years working there.

Kirk now targets to build his own design and development studio in New York and San Francisco in six weeks, along with his team.

Why six weeks? Because Krik wants to set up the new company before Google's 60-day layoff notice window ends.

Kirk said in a LinkedIn post narrating his story, "I have 52 days left. I need your help."

"Today, I'm taking a leap forward and turning this tragedy into an opportunity. I'm teaming up with 6 outstanding #xooglers to shape and own our futures. But there's one catch…my partners and their families have given me just 52 days to get this going and land projects, or we must go back to job searching. I am determined not to fail, so I need your assistance," he wrote in a LinkedIn post

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/indias-tcs-no-layoffs-instead-salary-hikes-are-coming-564047">India's TCS: No Layoffs; instead, salary hikes are coming</a>

While Kirk thinks this is probably the worst time to do it, he says that's the interesting and difficult part.

"Here's where you can help…I would appreciate introductions to your network. Please give likes and reposts to get the word out. I'm looking for conversations to identify opportunities where my team can help a business go from 0 to 1 or 1 to 100 through our end-to-end software services -research, design, and development," he noted.

Kirk and his team want to use their startup to provide design and research tools for other companies' apps and websites, engineering projects for businesses without the necessary expertise, and support startups in expanding and securing funding.

ALSO WATCH |&nbsp;Air India begins massive hiring, pilots' salary crosses Rs 2 crore

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"Seven of the finest ex-Googlers are fired-up, eager to research, design, and develop the most scrappy to ambitious software projects (and we'll do it quickly)," Kirk added.

The ex-Google senior manager's post is trending, and comments say Kirk's journey is an incredibly inspiring story of recently laid-off tech workers.

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A Google senior manager recently fired as part of the tech giant's cost-cutting measure seeks to start his own business within six weeks. Six other former Google employees who were also let go similarly are helping to support the man, Henry Kirk.

A Google senior manager recently fired as part of the tech giant's cost-cutting measure seeks to start his own business within six weeks. Six other former Google employees who were also let go similarly are helping to support the man, Henry Kirk. One of the 12,000 employees let go by Google was Kirk, who spent eight years working there. Kirk now targets to build his own design and development studio in New York and San Francisco in six weeks, along with his team. Why six weeks? Because Krik wants to set up the new company before Google's 60-day layoff notice window ends. Kirk said in a LinkedIn post narrating his story, "I have 52 days left. I need your help." "Today, I'm taking a leap forward and turning this tragedy into an opportunity. I'm teaming up with 6 outstanding #xooglers to shape and own our futures. But there's one catch…my partners and their families have given me just 52 days to get this going and land projects, or we must go back to job searching. I am determined not to fail, so I need your assistance," he wrote in a LinkedIn post ALSO READ | India's TCS: No Layoffs; instead, salary hikes are coming While Kirk thinks this is probably the worst time to do it, he says that's the interesting and difficult part. "Here's where you can help…I would appreciate introductions to your network. Please give likes and reposts to get the word out. I'm looking for conversations to identify opportunities where my team can help a business go from 0 to 1 or 1 to 100 through our end-to-end software services -research, design, and development," he noted. Kirk and his team want to use their startup to provide design and research tools for other companies' apps and websites, engineering projects for businesses without the necessary expertise, and support startups in expanding and securing funding. ALSO WATCH | Air India begins massive hiring, pilots' salary crosses Rs 2 crore "Seven of the finest ex-Googlers are fired-up, eager to research, design, and develop the most scrappy to ambitious software projects (and we'll do it quickly)," Kirk added. The ex-Google senior manager's post is trending, and comments say Kirk's journey is an incredibly inspiring story of recently laid-off tech workers. WATCH WION LIVE HERE:

Fired? Then move on: Seven ex-Google employees seek to build a firm

In yet another sign of the rising status of India in the world, Tata Consultancy Services (TCS) has stated that it is not considering any job cuts despite layoffs at big tech firms and large companies. India's tech giant, TCS, the largest exporter of tech services in the country, is also eager to hire startup workers who have lost their jobs and said it believes in developing talent for longer careers after hiring an employee.

TCS chief human resources officer Milind Lakkad in a media interview, said, "we don't do that (job cuts); we believe in grooming talent in the company and (there will be) no layoffs".

He claimed that many businesses are now compelled to cut jobs to lower costs because they recruited more people than they intended.

TCS, which he described as "conservative," disagrees, contending that the employer must ensure that new hires are productive and add value.

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/indias-forex-reserves-mark-the-biggest-weekly-drop-in-11-months-563840">India's forex reserves mark the biggest weekly drop in 11 months</a>

Lakkad speaking to the Indian news agency PTI said when an employee's skill set falls short of what is needed, the company prioritises training the worker.

<h2>Salary hikes coming soon</h2>

The chief human resources officer said TCS, which has over 6 lakh employees, would soon announce salary hikes similar to previous years. That underscores the "India a bright spot" in an otherwise gloomy global economy backdrop comments from top institutions.

Indeed, TCS is looking at increasing employee benefits at a time when global firms are laying off thousands of employees.

The Indian tech giant also said it is looking at hiring employees laid off, especially in the US and startups the world over.

ALSO WATCH |&nbsp;LinkedIn gains popularity amid mass layoffs

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Lakkad said TCS is working on fascinating projects across various industries and technologies. He added that some extraordinary talent must join in on the action for those projects. But when asked about the decline of more than 2,000 staff in the December quarter, the HR head said it was a one-off case.

He did not clarify if there would be more additions or if the company would continue to groom their existing talent base.

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In yet another sign of the rising status of India in the world, Tata Consultancy Services (TCS) has stated that it is not considering any job cuts despite layoffs at big tech firms and large companies.

In yet another sign of the rising status of India in the world, Tata Consultancy Services (TCS) has stated that it is not considering any job cuts despite layoffs at big tech firms and large companies. India's tech giant, TCS, the largest exporter of tech services in the country, is also eager to hire startup workers who have lost their jobs and said it believes in developing talent for longer careers after hiring an employee. TCS chief human resources officer Milind Lakkad in a media interview, said, "we don't do that (job cuts); we believe in grooming talent in the company and (there will be) no layoffs". He claimed that many businesses are now compelled to cut jobs to lower costs because they recruited more people than they intended. TCS, which he described as "conservative," disagrees, contending that the employer must ensure that new hires are productive and add value. ALSO READ | India's forex reserves mark the biggest weekly drop in 11 months Lakkad speaking to the Indian news agency PTI said when an employee's skill set falls short of what is needed, the company prioritises training the worker. Salary hikes coming soon The chief human resources officer said TCS, which has over 6 lakh employees, would soon announce salary hikes similar to previous years. That underscores the "India a bright spot" in an otherwise gloomy global economy backdrop comments from top institutions. Indeed, TCS is looking at increasing employee benefits at a time when global firms are laying off thousands of employees. The Indian tech giant also said it is looking at hiring employees laid off, especially in the US and startups the world over. ALSO WATCH | LinkedIn gains popularity amid mass layoffs Lakkad said TCS is working on fascinating projects across various industries and technologies. He added that some extraordinary talent must join in on the action for those projects. But when asked about the decline of more than 2,000 staff in the December quarter, the HR head said it was a one-off case. He did not clarify if there would be more additions or if the company would continue to groom their existing talent base. WATCH WION LIVE HERE:

India's TCS: No Layoffs; instead, salary hikes are coming

The Dutch online marketplace OLX is cutting off 15 per cent&nbsp;of its global workforce, or around 1,500 workers, and is the latest company to do so in recent days.

“OLX is reducing its global workforce by 15% which affects staff across all countries, business units, and job functions. We are taking necessary measures to reduce cost structure in light of changing macroeconomic conditions,” a company spokesperson confirmed to&nbsp;Financial Express.

“Regrettably,” added the spokesperson, “this means we are reducing the size of our workforce. We are sorry to part ways with these valuable contributors. But, doing so is necessary to meet our future ambitions. Ensuring that our employees are treated fairly and with respect, is at the forefront of our attention at this time.”

The exact number of employees impacted by the change in India is unknown. Financial Express claimed that the engineering and operations teams are the worst hit in India, citing sources familiar with the case.&nbsp;

Also watch |&nbsp;Philips layoffs hit 6,000 jobs as the company attempts to improve its profitability

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OLX, which started operating internationally in 2006, has more than 20 brands globally. It allows for the purchase and selling of products in a variety of categories, including apparel, electronics, furniture, and automobiles, as per its website.&nbsp;

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&nbsp;

The Dutch online marketplace OLX is cutting off 15 per cent of its global workforce, or around 1,500 workers, and is the latest company to do so in recent days. “OLX is reducing its global workforce by 15% which affects staff across all countries, business units, and job functions.

The Dutch online marketplace OLX is cutting off 15 per cent of its global workforce, or around 1,500 workers, and is the latest company to do so in recent days. “OLX is reducing its global workforce by 15% which affects staff across all countries, business units, and job functions. We are taking necessary measures to reduce cost structure in light of changing macroeconomic conditions,” a company spokesperson confirmed to Financial Express. “Regrettably,” added the spokesperson, “this means we are reducing the size of our workforce. We are sorry to part ways with these valuable contributors. But, doing so is necessary to meet our future ambitions. Ensuring that our employees are treated fairly and with respect, is at the forefront of our attention at this time.” The exact number of employees impacted by the change in India is unknown. Financial Express claimed that the engineering and operations teams are the worst hit in India, citing sources familiar with the case. Also watch | Philips layoffs hit 6,000 jobs as the company attempts to improve its profitability OLX, which started operating internationally in 2006, has more than 20 brands globally. It allows for the purchase and selling of products in a variety of categories, including apparel, electronics, furniture, and automobiles, as per its website. WATCH WION LIVE HERE:

OLX to lay off 15 per cent of its workforce globally, almost 1,500 employees to be impacted

US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its&nbsp;concern for the future of the company's facilities in the continent's largest economy.&nbsp;The announcement coincided with concerns in the EU that companies would relocate their operations to the US as a result of the historic Inflation Reduction Act, which was recently approved and provides tax breaks for batteries and electric automobiles built in the US.

The majority of the job cuts, according to a spokeswoman for the IG Metall union, would occur in Cologne, where Ford has a sizable facility, however, all locations around Germany are under threat.

"We at IG Metall are extremely concerned about the future of the German development divisions and, as a whole, about the future of the German Ford sites," said a statement from the union after an extraordinary meeting with management.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/swiggy-lays-off-380-employees-ceo-apologises-for-the-extremely-difficult-decision-554448">Swiggy lays off 380 employees, CEO apologises for the 'extremely difficult decision'</a>

Ford did not immediately respond to a request for comment from AFP.&nbsp;

The development centre has "successfully designed models for the European market, which often brought global success for the company,"&nbsp;according to IG Metall, a union that represents employees in the important electrical and metal industries.

If given the opportunity, Ford's German employees can continue to create popular electric vehicles for Europe, according to the union.

Also watch |&nbsp;Music giant Spotify Inc. to cut jobs: Layoffs to start as soon as this week

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However, IG Metall warned that the US business risked "taking the axe to its own future" with the proposed layoffs and urged the automaker to rethink the decision.

Ford recently announced that it will significantly increase its investment in Germany in an effort to sell all of its passenger cars as electrified by 2030.

(With inputs from agencies)

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US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its concern for the future of the company's facilities in the continent's largest economy.

US automaker Ford plans to eliminate 3,200 jobs in Germany and expressed its concern for the future of the company's facilities in the continent's largest economy. The announcement coincided with concerns in the EU that companies would relocate their operations to the US as a result of the historic Inflation Reduction Act, which was recently approved and provides tax breaks for batteries and electric automobiles built in the US. The majority of the job cuts, according to a spokeswoman for the IG Metall union, would occur in Cologne, where Ford has a sizable facility, however, all locations around Germany are under threat. "We at IG Metall are extremely concerned about the future of the German development divisions and, as a whole, about the future of the German Ford sites," said a statement from the union after an extraordinary meeting with management. Also read | Swiggy lays off 380 employees, CEO apologises for the 'extremely difficult decision' Ford did not immediately respond to a request for comment from AFP. The development centre has "successfully designed models for the European market, which often brought global success for the company," according to IG Metall, a union that represents employees in the important electrical and metal industries. If given the opportunity, Ford's German employees can continue to create popular electric vehicles for Europe, according to the union. Also watch | Music giant Spotify Inc. to cut jobs: Layoffs to start as soon as this week However, IG Metall warned that the US business risked "taking the axe to its own future" with the proposed layoffs and urged the automaker to rethink the decision. Ford recently announced that it will significantly increase its investment in Germany in an effort to sell all of its passenger cars as electrified by 2030. (With inputs from agencies) WATCH WION LIVE HERE:

Ford to cut 3,200 jobs in Europe; plans to move some work to the US

Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal 2023, representing a negative impact of 12 cents on per share profit, it said.

&nbsp;Microsoft said in July last year that a small number of roles had been eliminated, while news site Axios in October reported that the company had laid off under 1,000 employees across several divisions.

The Satya Nadella-led firm is also grappling with a slump in the personal computer market after a pandemic boom fizzled out, leaving little demand for its Windows and accompanying software.

Microsoft is getting ready to slash more jobs from its worldwide workforce as software companies continue to reduce staff numbers to weather the current economic crisis.&nbsp;According to Bloomberg News, Microsoft may announce layoffs in its engineering departments as soon as Wednesday. Microsoft will not comment on what it referred to as "rumour," a spokeswoman for the company told AFP.

The Washington-based company, which according to industry experts&nbsp;employs over 220,000 people, reduced its workforce twice last year.

"Over the last few weeks we have seen significant headcount cut reduction from stalwarts Salesforce and Amazon," Wedbush analyst Dan Ives said in a note to investors.

Also read |&nbsp;<a href="https://www.wionews.com/world/elon-musks-tesla-trial-for-alleged-fraud-over-funding-secured-tweet-begins-553631">Elon Musk's Tesla trial for alleged fraud over ‘funding secured’ tweet begins</a>

Wedbush is expecting staff cuts of another five to 10 percent across the tech sector, Ives told investors.

"Many of these companies were spending money like 1980's Rock Stars and now need to reign in the expense controls ahead of softer (macro-economic conditions)," Ives wrote.

Also watch |&nbsp;World Business Watch: Tesla under fire in Germany over union concerns on working hours

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Early in January, the online retail giant&nbsp;Amazon announced its decision to eliminate more than 18,000 positions, blaming "the uncertain economy" and the fact that it had "hired swiftly" during the pandemic.

The job-cutting exercise is the most significant among recent layoffs that have hit the hitherto unstoppable US tech sector, including Facebook ownercebook-owner Meta.

(With inputs from agencies)

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Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.

Joining the layoffs spree, US tech giant Microsoft Corp on Wednesday announced that it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The layoffs will result in a charge of $1.2 billion in the second quarter of fiscal 2023, representing a negative impact of 12 cents on per share profit, it said. Microsoft said in July last year that a small number of roles had been eliminated, while news site Axios in October reported that the company had laid off under 1,000 employees across several divisions. The Satya Nadella-led firm is also grappling with a slump in the personal computer market after a pandemic boom fizzled out, leaving little demand for its Windows and accompanying software. Microsoft is getting ready to slash more jobs from its worldwide workforce as software companies continue to reduce staff numbers to weather the current economic crisis. According to Bloomberg News, Microsoft may announce layoffs in its engineering departments as soon as Wednesday. Microsoft will not comment on what it referred to as "rumour," a spokeswoman for the company told AFP. The Washington-based company, which according to industry experts employs over 220,000 people, reduced its workforce twice last year. "Over the last few weeks we have seen significant headcount cut reduction from stalwarts Salesforce and Amazon," Wedbush analyst Dan Ives said in a note to investors. Also read | Elon Musk's Tesla trial for alleged fraud over ‘funding secured’ tweet begins Wedbush is expecting staff cuts of another five to 10 percent across the tech sector, Ives told investors. "Many of these companies were spending money like 1980's Rock Stars and now need to reign in the expense controls ahead of softer (macro-economic conditions)," Ives wrote. Also watch | World Business Watch: Tesla under fire in Germany over union concerns on working hours Early in January, the online retail giant Amazon announced its decision to eliminate more than 18,000 positions, blaming "the uncertain economy" and the fact that it had "hired swiftly" during the pandemic. The job-cutting exercise is the most significant among recent layoffs that have hit the hitherto unstoppable US tech sector, including Facebook ownercebook-owner Meta. (With inputs from agencies) WATCH WION LIVE HERE:

Microsoft to fire 10,000 people as tech layoffs intensify

Despite high inflation and a sluggish economy, US firms continued to hire steadily in the month of&nbsp;November. 
According to data released by the Labor Department on Friday, the economy added 263,000 jobs as the unemployment rate stood at 3.7 per cent, which is close to a 53-year low. The number of employment added in November was somewhat lower than the 284,000 jobs added in October. Even though borrowing costs have increased and inflation has skyrocketed, the US labour market has consistently added thousands of jobs each month. Comparing November to the same month last year, the average hourly salary increased by 5.1 per cent.&nbsp;

As per Fed Chair Jerome Powell, inflation was soaring too rapidly for the central bank to immediately reduce employment and wages. To force inflation back toward its 2 per cent annual objective, the Fed increased its benchmark rate from close to zero in March to about&nbsp;four per cent. US families have benefited from consistent hiring and growing wages as consumer spending increased at a solid rate in October after accounting for inflation.

Also read |&nbsp;<a href="https://www.wionews.com/world/american-conspiracy-theorist-alex-jones-declares-bankruptcy-in-texas-court-539562">American conspiracy theorist Alex Jones declares bankruptcy in Texas court</a>

The US economy increased at a swift 2.9 per cent annual pace in the most recent quarter after contracting in the first half of the year. Along with consumer spending strength, a surge in exports also contributed to growth.

Along with tech powerhouses like Amazon, Meta, and Twitter announcing job layoffs, small organisations like DoorDash, Redfin, Best Buy, and the Gap have also said they will lay off staff.

A gauge of industrial activity fell to a level in November that showed the manufacturing sector may be declining for the first time since May 2020.

(With inputs from agencies)

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Despite high inflation and a sluggish economy, US firms continued to hire steadily in the month of November. According to data released by the Labor Department on Friday, the economy added 263,000 jobs as the unemployment rate stood at 3.

Despite high inflation and a sluggish economy, US firms continued to hire steadily in the month of November. According to data released by the Labor Department on Friday, the economy added 263,000 jobs as the unemployment rate stood at 3.7 per cent, which is close to a 53-year low. The number of employment added in November was somewhat lower than the 284,000 jobs added in October. Even though borrowing costs have increased and inflation has skyrocketed, the US labour market has consistently added thousands of jobs each month. Comparing November to the same month last year, the average hourly salary increased by 5.1 per cent. As per Fed Chair Jerome Powell, inflation was soaring too rapidly for the central bank to immediately reduce employment and wages. To force inflation back toward its 2 per cent annual objective, the Fed increased its benchmark rate from close to zero in March to about four per cent. US families have benefited from consistent hiring and growing wages as consumer spending increased at a solid rate in October after accounting for inflation. Also read | American conspiracy theorist Alex Jones declares bankruptcy in Texas court The US economy increased at a swift 2.9 per cent annual pace in the most recent quarter after contracting in the first half of the year. Along with consumer spending strength, a surge in exports also contributed to growth. Along with tech powerhouses like Amazon, Meta, and Twitter announcing job layoffs, small organisations like DoorDash, Redfin, Best Buy, and the Gap have also said they will lay off staff. A gauge of industrial activity fell to a level in November that showed the manufacturing sector may be declining for the first time since May 2020. (With inputs from agencies) WATCH WION LIVE HERE:

US hiring remains robust in November; adds 263,000 new jobs despite soaring inflation

The PC maker, Hewlett-Packard (HP) has said that it would lay off layoff 10 per cent of its global workforce over the next three years. Watch this video to know more.

HP laying off 6000 employees globally over the next three years

Several tech companies are opting for mass layoffs due to uncertainties in the market. WION speaks to Huawei Technologies' Former VP Simon Lacey about the same.

Huawei Technologies' Former VP Simon Lacey on why tech companies are going for mass layoffs?

HP to lay off 10% of global workforce by 2025

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