All posts tagged: Underperforming

India, Canada’s Economic Relations “Underperforming”: Canadian Envoy Cameron MacKay

Published by Webster

Canada recently unveiled its Indo-Pacific Strategy, which can strengthen the growing relationship. Ahmedabad: Canada’s high commissioner to India Cameron MacKay on Friday said the bilateral trade between the two G20 economies — India and Canada — is a “seriously underperforming” economic relationship. The two countries are negotiating an early progress trade agreement (EPTA) as a first step towards Comprehensive Economic Partnership Agreement (CEPA), which will increase bilateral trade manifold, he noted. “Both of our countries have…commercial relationship,” Mr Mackay said, addressing a Canada Indo-Pacific Conclave here organised by Indo-Canadian Business Chamber (ICBC). “But for two countries like ours, two G20 economies…multi-trillion dollar economies… the bilateral commercial relationship is seriously underperforming, we should be doing much more. “And that’s why our two governments are negotiating an early progress trade agreement as a first step towards comprehensive economic partnership agreement, which will increase the bilateral trade manifold…,” Mr MacKay said. India is a priority market for Canadian businesses and the extensive people-to-people and cultural connections bolster the friendship between our two countries, he added. He said that …

Google May Use Performance Management System to Lay Off Underperforming Workers in 2023: Report

Published by Webster

Amidst layoffs and a slowing down of the hiring process being seen by large companies as an avenue to strengthen their revenues, global tech major Google has introduced a new performance management system, which could push out thousands of underperforming employees, according to reports. As per a report by The Information, a new performance management system, which once implemented early next year, could make way for human resource managers to push out underperforming Google employees. The tech publication also said Google’s managers could also use the performance ratings to avoid paying employees bonuses and stocks. “Under the new system, managers have been asked to categorise 6 percent of employees, or roughly 10,000 people, as low performers in terms of their impact on the business,” The Information reported quoting people with knowledge of the new system. In the previous performance review system, managers were expected to put 2 percent of employees in that bucket, the reports said. Recently, some of the global tech leaders –Amazon, Twitter, and Meta have laid off thousands of employees. Twitter head Elon …