Google laid off 11,000 employees last month. Now, Googlers who escaped the bloodbath are stressing out about their bonuses.
Specifically, the rank-and-file are griping that the search giant’s employee-review process appears to have been revamped with a watch toward shrinking their annual payouts.
In late December, a few weeks before Google unleashed the January firings, CNBC reported that the corporate’s GRAD system – which stands for Googler Reviews and Development — was recently tweaked in order that it ranks 6% of employees as underperformers versus 2% previously.
Likewise, GRAD now ranks just 22% of employees as above average, in comparison with 27% before, in accordance with the report which was confirmed by The Post.
On the time, employees reportedly were mainly nervous the toughened-up GRAD system could be used to fireside them.
Based on documents cited by CNBC, Google might be bonuses, pay and equity and expects to “spend more per capita on compensation overall.” One also states the corporate still plans on paying inside the top 5% to 10% of market rates, the network reported.
This month, nonetheless, two remaining Googlers told The Post their annual bonuses shrank after they got the equivalent of a mean rating within the five-tier system – despite the actual fact they got promotions last 12 months. They reckon that the GRAD revamp is yet one more cost-cutting move designed to push out much more staff.
“We used to have a really forgiving culture where you’d get time to rebound from mistakes,” one source told The Post. “Now they’re attempting to ‘manage people out.’”
“Google is attempting to improve our status to be more like that of Amazon where it’s more intense and productive,” the source added.