Google offers 'voluntary exit' to all US platforms and devices employees

(www.theverge.com)

161 points unsnap_biceps | 1 comments | 31 Jan 25 23:06 UTC | HN request time: 0.499s | source

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jonas21 ◴[01 Feb 25 01:40 UTC] No.42894769[source]▶

This seems like a pretty bold and employee-friendly move. Google recently merged two large divisions, so there's going to be some redundancy. Most companies would resolve this with a layoff, but it sounds like they're trying a buyout at the request of their employees. From the article:

> Some employees at Google have recently been circulating a petition that calls for CEO Sundar Pichai to offer exactly this type of optional buyout before resorting to involuntary layoffs. “Ongoing rounds of layoffs make us feel insecure about our jobs,” the petition said, according to CNBC.

Conventional wisdom is that with voluntary buyouts, high-performing employees who have the most options will leave and lower-performing employees will stay.

We'll see how it turns out.

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0xbadcafebee ◴[01 Feb 25 01:50 UTC] No.42894834[source]▶

>>42894769 #

If I'm a highly-paid, high-performing employee, I'm not walking away from a big paycheck and lots of clout. If I was a middling employee without a big paycheck, looking at the prospect of months of job searching once I get laid off, I'd take the buyout and use it to start searching full time.

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1. strunz ◴[01 Feb 25 02:20 UTC] No.42895022[source]▶

>>42894834 #

You may think Google cares about your performance but when the involuntary layoffs come, it's the highest earners who are first cut. Google is hoping the high earners leave because that saves the most money. There is no long/term thought here, it's short-sighted stock bumps from a company already rolling in money.

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