Google employees in the US and Canada are circulating a petition expressing concerns about their jobs amid anticipated cost cuts this year, according to reports. The petition, as reported by CNBC, has so far gathered more than 1,250 employee signatures.

In the said petition, the employees have argued that Google is financially stable, so the layoffs don't make sense.

Google employees have begun a petition for “job security” after CFO Anat Ashkenazi in October said the company could “push a little further” with cost cuts.

Google employees have begun circulating an internal petition titled “job security” ahead of expected cost cuts this year. TakeAway Points: Google employees have begun a petition for “job security” as they expect more layoffs by the company.

In recent years, January has been a period of layoffs for Google. Apparently, the company carries out its annual performance reviews during that period. Fearing an upcoming round of layoffs, a union of Google workers has sent a signed petition asking for better conditions.