Google & Amazon Reportedly Offering One Year Salary As Severance So Employees Resign Voluntarily
Amid the strict labour laws in Europe, Google and Amazon are reportedly finding it difficult to do mass layoffs. Amazon and Google are reportedly now offering one year of salary as severance package so that employees resign voluntarily.
It's been just about 100 days since the year 2023 has begun. In this period, Silicon Valley's tech giants have continued to announce layoffs. From Meta, Microsoft and Google to Amazon, 570 big tech companies have laid off 168,918 employees this year so far, according to layoffs.fyi, a website that tracks such announcements.
Why Companies Are Struggling To Lay Off In Europe
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While the layoffs have happened globally across various countries, some tech giants are struggling to let people go in European countries amid strict labour laws.
As per a Mint report, in some European countries, firms cannot just fire staff without discussing the matter with "employee interest globally." As per their law, "Companies are legally required to consult with these councils before executing layoffs, which involves a potentially time-consuming process of data collection, discussions, and the option of appealing".
That is why, Google is seeking help from these groups in France and Germany to resolve layoff issues.
Also Read: After Layoffs, Google Removes Free Snacks & Other Perks
Google & Amazon Ask Employees To Resign Voluntarily
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Google's parent company Alphabet has reportedly asked employees to resign voluntarily and get good severance packages in return in France.
Besides, Jeff Bezos-founded Amazon is also offering a severance package worth one year's pay to some senior managers with five to eight years of experience if they resign voluntarily. The e-commerce giant is also offering, 'leave to departing employees so their shares can vest and be paid out as bonuses.'
In Germany also, Amazon is firing employees who are on their probationary periods and offering them an option to resign voluntarily.
What will be the result of this move by the tech giants, and will the bait offered in the form of such severance packages be grabbed by affected employees remains to be seen. Will they go on to voluntarily resign or not amid rising global recession fears, high inflation and interest rates in the economy?
Also Read: What Google Employees Wrote In Their Open Letter To CEO
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