What’s going on:
Amidst new performance reviews and a 6% workforce cut of 12,000 jobs, Google has reportedly notified its employees that promotions will be scarce this year as hiring comes to a standstill, according to CNBC.
The layoff survivors now face a whole new challenge with regards to professional growth: the looming threat of career stagnation. Google is looking to limit promotions through performance reviews that make it more difficult for employees to get ahead.
Why it matters:
In its Monday email, Google revealed that it’s appointing fewer individuals to senior roles in order to ensure that the number of Googlers in higher-level and leadership positions grows alongside the growth of the company.
How it’ll impact the future:
As Google implements their performance review system (resulting in more lower ratings and fewer high ratings for employees), they are also attempting to reduce expenses in response to the slowing growth of their business and the lingering economic worries.
Tech layoffs have been plentiful the past year, and Google hasn’t been able to escape this, as well as the impact that the pandemic had on this sector. The question now is whether Google will harm its workforce with this new announcement.