Google’s parent company, Alphabet, is cutting 12,000 jobs in the biggest layoffs in the company’s history. The layoff, which has affected more than 6% of his global workforce, is the latest in a relentless trend for big tech companies to make similar choices.
Alphabet CEO Sundar Pichai wrote a letter to Google employees(opens in new window) About “hard news” in a memo posted to the company’s blog on Friday.
“This means saying goodbye to the incredibly talented people we’ve hired so hard and loved working with. We deeply apologize for that,” Pichai said. writing. “The fact that these changes affect his Googler’s life weighs heavily on me. I take full responsibility for the decisions that have brought us here.”
Amazon announces plans to lay off more than 18,000 employees
Downsizing affects employees across product areas, countries and areas of responsibility. Google will pay its U.S. employee at least 16 weeks of her severance pay, a 2022 bonus, and six months of health insurance for her. Packages for affected people in other countries will reflect local practices.
Pichai added that the company “has adopted it because of economic realities that are different from the ones we are currently facing.” In October 2022, Alphabet reported a 27% profit decline.(opens in new window) YoY.Pichai has since announced that Google will sabotage expenses(opens in new window)is one of several company-wide cost-cutting solutions, including the closure of Stadia, the company’s cloud gaming service.
These organizations are helping marginalized people stay (and thrive) in tech jobs
Across the tech industry, workers are laid off and laid off in large numbers. This month alone, Microsoft announced that he will lay off 10,000 employees in the coming months. Amazon also broke the news that a total of 18,000 employees will be laid off. Meanwhile, Twitter continues to lay off employees under Musk’s reign.In late 2022, Meta announced mass layoffs and in August he joined Snap, which cut 20% of its workforce. .
