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Google is expanding the voluntary layoff program to employees in five additional countries: Canada, France, Germany, Japan and Switzerland. In the past, certain groups of workers in the US and UK have received similar offers. The company cuts costs due to large-scale investments in artificial intelligence, and directs funds to new projects. In the Swiss unit, an employee who agrees to leave can receive one month's pay for each year of service, but the total compensation is limited to 12 months' pay. We are talking about voluntary departure, not forced layoffs. The actual number of departures will depend on how many employees accept the offer: the launch of the program does not mean the dismissal of all affected employees. The program involves one-time payments to reduce personnel costs in the future. Capital-intensive AI development requires new investment, while spending on existing teams is being tested in several countries at once. Ξeconomics.

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Экономикон · · Source

🇺🇸 USA · Map

Google is expanding the voluntary layoff program to employees in five additional countries: Canada, France, Germany, Japan and Switzerland. In the past, certain groups of workers in the US and UK have received similar offers. The company cuts costs due to large-scale investments in artificial intelligence, and directs funds to new projects. In the Swiss unit, an employee who agrees to leave can receive one month's pay for each year of service, but the total compensation is limited to 12 months' pay. We are talking about voluntary departure, not forced layoffs. The actual number of departures will depend on how many employees accept the offer: the launch of the program does not mean the dismissal of all affected employees. The program involves one-time payments to reduce personnel costs in the future. Capital-intensive AI development requires new investment, while spending on existing teams is being tested in several countries at once. Ξeconomics.

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