News that Google China big layoffs: compensation N + 9 + shares, and 30,000 + cash, health insurance, etc

Recently, the news of layoffs at Google China's R&D centre has caused concern. The net rumour is that on the first day of March, Google China introduced a layoff letter, compensation N + 9 + shares, and became the pulse hot first topic.

As a result, more and more netizens started to look around, because the layoff compensation is really too powerful.

According to Redian's report, which was confirmed by several related sources, Google has indeed completed the layoff adjustment in China R&D centre.

But to be more rigorous, the compensation should be N+1+9+ plus stock, plus discounted annual leave, and 3w+ cash compensation with employee health insurance. There is also talk of a 3-month buffer period, meaning that if no job is found within 3 months, wages should be paid as usual and social security should be paid as usual, but I don't know if that conflicts with N+9.

Some people familiar with the matter have said that Google may use this opportunity to lay off more senior or highly paid employees in order to "reset" the pay scale. On the domestic side, it's also too costly to lay off some high-ranking or high-paid employees. It can effectively reduce costs and increase efficiency.