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Employee Performance

All articles tagged with #employee performance

business2 years ago

C3.ai Implements Cost-Cutting Measures, Faces Stock Decline

Software maker C3.ai has fired employees, citing the need for cost savings and employee performance. The company, founded by CEO Tom Siebel, framed the cuts as related to individual performance rather than layoffs, with many of those fired receiving only one month of severance. C3.ai had 914 employees as of April. The stock initially gained but later declined after the news of the job cuts. The company has faced criticism for product delays and profitability taking longer than expected. Many other tech companies have also cut employees this year in search of better profit margins.

via Yahoo Finance|
#artificial-intelligence#business#c3ai
business2 years ago

"Google ties office attendance to performance reviews for employees"

Google is making in-person office attendance part of employee performance reviews, pressuring employees to come back to the office at least three days a week. Work done from home will not be viewed as favorably as work done from the office. Google's "hybrid work" policy requires employees to come into the office for at least three days of work a week, and employees with frequent absences will receive reminders about office attendance. Some divisions of Google have scaled down and required employees to share desks, while a planned "mega campus" in San Jose has been put on hold.

via Ars Technica|
#business#employee-performance#google
business2 years ago

Google's Return-to-Office Push Includes Attendance Tracking and Performance Reviews.

Google is tightening its return-to-work policies by making office attendance an element of an employee's performance review if they do not comply with the three-day minimum for in-office work. The company is limiting remote work to exceptional cases only and wants to see employees connecting and collaborating in person. Tech companies have struggled to get their workers to comply with return-to-office mandates, and firms like Google are now clamping down on remote work to bring people back. Despite corporate efforts, office occupancy in top 10 metro areas is still averaging less than 50% each week, reflecting the choice of employees to maintain flexibility between remote and in-person work.

via Fortune|
#business#employee-performance#google
business2 years ago

Zuckerberg's Meta faces crisis as layoffs and remote work policies questioned.

Meta CEO Mark Zuckerberg announced plans to lay off an additional 10,000 workers and incur restructuring costs as part of the company's "year of efficiency." Zuckerberg also shared that an internal analysis of employee performance data suggests that engineers who work in person "get more done." While Meta remains committed to distributed work, Zuckerberg encouraged employees to find more opportunities to work with one another in person.

via CNBC|
#business#efficiency#employee-performance