BakingMadman t1_j1c2kgp wrote on December 23, 2022 at 4:47 AM

Reply to comment by Accomplished_Ad6571 in Google tells employees more of them will be at risk for low performance ratings next year by Sorin61

Because of CALENDAR year end and tax related consequences.

FrezoreR t1_j1c45ue wrote on December 23, 2022 at 5:02 AM

The end of the fiscal year is still months away.

BakingMadman t1_j1cs4m1 wrote on December 23, 2022 at 9:49 AM

Sorry CALENDAR year end. (4th quarter)

FrezoreR t1_j1fcpao wrote on December 23, 2022 at 10:17 PM

That's a big difference. There's no tax related consequences related to the end of the calendar year for companies, so you kind of invalidated your own statement by "correcting" it.

Taxes are done on the fiscal year not the calendar year. Either way layoffs would have nothing to do with taxes. All these big companies pay 0 taxes already by moving money around.

The big layoffs is instead related to cost per stock, and layoffs usually happen close to an earnings call and again unrelated to the calendar year.