Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.
Alphabet CEO Sundar Pichai, the parent company of Google, informed staff Friday at the Silicon Valley giant about the cuts in an email that was also posted on the company’sIt’s one of the company’s biggest-ever round of layoffs and adds to tens of thousands of other job losses recently announced by Microsoft, Amazon, Facebook parent Meta and other tech companies as they tighten their belts amid a darkening outlook for the industry.
“Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today.”The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said. He said he was “deeply sorry” for the layoffs.
Regulatory filings illustrate how Google’s workforce swelled during the pandemic, ballooning to nearly 187,000 people by late last year from 119,000 at the end of 2019. Pichai said that Google, founded nearly a quarter of a century ago, was “bound to go through difficult economic cycles.” “These are important moments to sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities,” he wrote.The tech industry has been forced to freeze hiring and cut jobs “as the clock has struck midnight on hyper growth and digital advertising headwinds are on the horizon,” Wedbush Securities analysts Dan Ives, Taz Koujalgi and John Katsingris wrote Friday.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Google Parent Alphabet to Cut 12,000 JobsThe company’s largest-ever round of layoffs follows a wave of reductions at other technology companies in recent months, including Microsoft, Amazon and Meta.
Weiterlesen »
Google parent company Alphabet to eliminate 12,000 jobs: reportGoogle's parent company announced it will lay off 12,000 workers. Alphabet Inc. shared the news in a memo with staff letting them know the cuts are global.
Weiterlesen »
Google parent Alphabet planning to cut 12,000 jobs globallyAlphabet, Google’s parent company, said it plans to cut 12,000 jobs equating to over 6% of its global workforce in the latest round of tech layoffs.
Weiterlesen »
Google-parent Alphabet is cutting 12,000 jobs | CNN BusinessGoogle parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector.
Weiterlesen »
Google parent Alphabet to cut 12,000 jobs, citing 'economic reality’CEO Sundar Pichai announced the cuts in a memo to workers, saying he had 'difficult news' to share.
Weiterlesen »
Google Parent Alphabet Cutting 12K Jobs in Monster LayoffsGoogle parent company Alphabet is going to cut around 12,000 jobs from its payroll, with CEO Sundar Pichai saying he accepts “full responsibility for the decisions that led us here.”
Weiterlesen »