Google to Lay Off Thousands of Employees?

Several media outlets have reported that Google may lay off thousands of its employees for financial reasons. According to available information, Google is considering the termination of 10,000 employees, which is about 60 percent of its workforce, due to a decline in its revenues. The layoffs will be based on a new employee evaluation system that may be implemented early next year. Additionally, The Information cited sources indicating that like other major tech companies, Google increased its workforce during the COVID-19 pandemic due to the rising demand for internet services at the time, which consequently led to an increase in expenses and wages for these companies.