After Meta, Twitter and Amazon, Google’s parent company Alphabet has announced its plans to cut roughly 12,000 jobs. The tech behemoth is planning to reduce its staff by 6 per cent. This will be the company’s biggest-ever round of layoffs amid economic slowdown, the media has reported.

Also read: Reed Hastings Steps Down As Netflix CEO After More Than 25 Years

The tech behemoth will provide severance packages that include vacation, bonus pay and healthcare, says a report by news agency Bloomberg.

Also read: Reviewing SC Order, Will Cooperate With CCI On Way Forward, In Parallel With Our Appeal: Google

news reels

The job cuts across Alphabet will impact employees globally and across the entire company, company CEO Sundar Pichai told employees in an email on Friday. Pichai reportedly added that he takes “full responsibility for the decisions that led us here.”

Also read: Twitter Blue Subscription Prices Discounted For These Countries. Check Details

The reductions will cut across Alphabet units and geographies, the company said, though some areas, including recruiting and projects outside of the company’s core businesses, would be more heavily affected, says a report by The Wall Street Journal. 

“Googlers, I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles. We’ve already sent a separate email to employees in the US who are affected. This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. I take full responsibility for the decisions that led us here. 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,” said Pichai in his letter to his employees. 

With the layoffs, Google parent now joins the likes of tech giants such as Meta, Amazon and Twitter that have drastically scaled back operations. However, courtesy of resilient search business, Google was one of the longest tech holdouts.



Source link

Leave a comment

Your email address will not be published. Required fields are marked *