Yup, when one major tech company announces layoffs, all others appear to use the occasion as cover to do their own. Voluntary exit is usually followed by layoffs if they don’t hit the numbers they are targeting.
Would be interested to know the terms of the severance. Non-disparagement seems likely, but noncompetes are not enforced in California. So if you were trying to leave anyway, seems like a win/win.
My understanding is that there are no particularly special rules.
The VEPs are good for people who either are already planning to leave or who are considering it. I'm much happier that Google has done VEPs followed by layoffs to hit targets rather than just plain layoffs this year. I still think that the layoffs are horseshit given how outrageously profitable the company is, but the VEPs have been great.
The pay is less than most people think as reported since it is just salary and doesn't include stock vests, but if you've been at Google for a while its still a good chunk of change.
It’s not doublespeak. Multiple people can share the same role. Downsizing reduces redundancy. The number of roles can remain the same even with a smaller headcount.
It’s interesting this is coming at the time when it’s also announced the licensing agreement between YouTube TV and Disney has ended. Perhaps they are bracing for an impact to revenue from there? Though I’m unsure how much YouTube TV contributes to the company, revenue-wise.
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[ 3.2 ms ] story [ 29.1 ms ] threadThe VEPs are good for people who either are already planning to leave or who are considering it. I'm much happier that Google has done VEPs followed by layoffs to hit targets rather than just plain layoffs this year. I still think that the layoffs are horseshit given how outrageously profitable the company is, but the VEPs have been great.
The pay is less than most people think as reported since it is just salary and doesn't include stock vests, but if you've been at Google for a while its still a good chunk of change.
What in god’s name is the “voluntary exit program” going to do then ? It will obviously eliminate some roles ?
Corporate doublespeak at its finest.