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A major investor in Google calls for reducing employee numbers

A major investor in Google calls for reducing employee numbers

As Alphabet employed approximately 187,000 employees at the end of the third quarter of this year, and has doubled the number of employees since 2017, with growth of more than twenty percent annually during that period.

It’s been described as hypergrowth by billionaire investor Christopher Hohn, who argues that the business can be run more effectively with far fewer employees, and that Google should follow the lead of its meta-technology rivals Amazon and Microsoft.

Reports indicate that the average compensation for a typical employee at Alphabet exceeds $295,000, and this amount constitutes a higher increase, by 67 percent than that of Microsoft, for example, and 150 percent higher than the twenty largest technology companies in the United States of America. , according to an analysis by analytics firm S&P Global.

All of these claims come at a time when companies are feeling pressure from the slowdown in the global economy and income streams of all kinds.

In an interview on the subject with Sky News Arabia, Raed Sammour, an expert in information technology and security, said:

Google may resort to laying off part of the staff, but not to the extent of what happened in other companies. Compensation is a very important barrier to layoffs. Most of the companies that lost their market value went on to lay off workers. Google will not take arbitrary actions, as happened in Twitter.