*ALPHABET TO CUT 12,000 JOBS IN LARGEST EVER ROUND OF LAYOFFS $GOOGL
), the parent of Google, announced that it would cut about 12,000 jobs or about 6% of its staff. This would be the largest ever layoffs from the company amid the economic slowdown.CEO Sundar Pichai said he takes"full responsibility for the decisions that led us here" and noted the past two years of dramatic growth.
"Over the past two years, we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today," he commented.
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