Google laid off 12,000 employees

Google parent Alphabet will be laying off around 12,000 workers, which is around 6 percent of the global workforce. wrote In an email that was sent to employees at all levels of the company. Sundar Pichai, CEO, wrote that he was sorry to employees who will be fired and that it was difficult to make the right decision for the future. Pichai acknowledged that the effects of the layoffs would be felt across the company and globally.

Alphabet hired during a period when there was “dramatic growth” in the last few years. But Pichai claimed that the hiring spree was due to a “different economic reality than what we currently face.” These past weeks have seen a lot of hiring. Microsoft, Amazon, Meta Other countries have made equally severe and painful job cuts because of economic conditions.

Google is the last to announce layoffs. This is due to its strong ad and cloud computing divisions. Last quarter saw a 27 percent decrease in profit compared with the year prior. At that point, company officials stated they would reduce costs and decrease hiring. Analysts and activists demanded more drastic cuts. The analyst noted that the company’s headcount had increased by 20% since 2017, as per the report. Bloomberg.

Pichai stated that employees would be paid for the entire notification period of at least 60 days. Alphabet will offer severance packages beginning at 16 weeks salary and two weeks for each additional year at Google, “as well as accelerating at least 16 week of GSU vesting.”

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