After Amazon, Microsoft, and Meta implemented massive job cuts, Google is doing the same, and plans to lay off about 6% of its global workforce. The number is about 12,000.
For comparison, Amazon’s latest layoffs cut 18,000 jobs (6%), Microsoft cut 10,000 jobs (5%), and Meta had to release 11,000 jobs (13%). . So, while Google’s layoffs aren’t disproportionately large, it still leaves a lot of people out of work. Everyone, not just the tech industry, is looking for ways to prepare for a recession and cut costs. Of course, layoffs are one of the avenues companies can take advantage of.
Google CEO Sundar Pichai said in a public statement that the rest of Google staff should work with greater focus and greater urgency than ever before. Furthermore, Google added that it will focus more on developing AI-related services to compete with rival companies working on similar projects.
Google’s revenue increased to $69 billion this year, but its actual profit shrunk to $13.9 billion. And with the global economy expected to face serious challenges in 2023, Google wants to act before things get even worse.
via
