This market will resolve positively if an official email or announcement from Sundar Pichai or an official Google representative explicitly announces either X% layoffs where X>=5, or X layoffs where X(/#Google employees) >= 0.05. The last public data I'm aware of set the number of Google employees around 160,000, so we'll say that would be layoffs of 8,000 employees.
1,000
3.00@TheSkeward This appears to have not happened. Just some stack ranking, not sufficiently massive layoffs to hit the bar given here. This should be able to safely resolve NO.
it is likely to expect a 10,000 layoffs based on this article report https://www.business-standard.com/article/international/google-s-parent-company-alphabet-prepares-to-lay-off-10-000-employees-122112200443_1.html?utm_source=tldrnewsletter
@KateTran the headline is inaccurate. It's asking for 6% of workforce to be rated lower than expectations, but that doesn't imply firing all those people.
If anyone's updating on https://www.forbes.com/sites/jackkelly/2022/11/21/alphabet-seeks-to-cut-10000-poor-performing-googlers/?sh=3dc33d712704, the article seems to be based on the real-life facts that an investor holding 0.5% of GOOG shares publicly called for layoffs, and that Google's current internal rating system assigns 6% of employees to its bottom two ratings. The rest has no visible source.