Google changes its appraisal program, VP emails to employees: “We want to be upfront that…”

Google is revamping its employee performance review system to reward top performers with increased bonuses and equity, aiming to incentivize high achievement across the company. To fund these enhanced rewards for those achieving “Outstanding Impact,” the company will slightly reduce bonus and equity multipliers for employees with “Significant Impact” and “Moderate Impact” ratings, ensuring a budget-neutral adjustment.