Recent reports indicate that some Google Search employees are being offered buyouts as part of what the company refers to as its “Voluntary Exit Package.” This initiative is part of Google’s broader effort to reduce its workforce without resorting to traditional layoffs. In the preceding years, the company has laid off around 12,000 employees, a move that drew significant backlash.
The Voluntary Exit Package marks a departure from past practices. Instead of terminating employees outright, Google is providing severance packages to those willing to leave. The specifics of these buyouts are not entirely clear, but they are expected to vary based on individual circumstances, including the length of employment and salary history.
According to CNBC, a previous buyout offered by Google included up to 14 weeks of salary, along with additional compensation based on tenure. The latest buyout offers are reportedly targeting a wide array of employees across various divisions, particularly Search and Ads. These offers extend beyond just Google’s best-known sectors, reaching into areas such as research, communication, marketing, and engineering.
However, it is noteworthy that only U.S.-based employees are being considered for these buyouts. While acceptance of the buyout is voluntary, some employees may find it appealing, especially those struggling to meet their job expectations. A recent memo encouraged employees who are thriving in their roles to remain with the company, emphasizing Google’s ambitious future plans.
In conjunction with offering buyouts, Google is also mandating a return to the office for many employees. Those living within 50 miles of an office are required to follow a hybrid work schedule—a blend of in-office and remote work—further highlighting changes in the company’s approach to workforce management.