Google Biggest Layoffs – Announces 12,000 Job Cuts & Increase Working Hours
Google is cutting its staff just as the U.S. company faces a threat to its position at the top of the technology sector.
Google Biggest Layoffs: Alphabet Inc’s parent announced Friday that it is eliminating approximately 12,000 jobs or 6% of its workforce. Silicon Valley struggles to recover from recent layoffs and faces a challenging outlook.
Alphabet shares rose by 3% in premarket trading. The cuts come as the U.S. faces a threat to its position at the top of the technology sector.
Alphabet has been attracting top talent for years to create Google, YouTube, and other products that reach billions. However, it is now in direct competition with Microsoft Corp in the burgeoning field of generative A.I. intelligence.
Alphabet’s cuts come just days after Microsoft announced it would lay off 10,000 employees.
Sundar Pichai, the Alphabet CEO, told employees in a memo that the company had reviewed its products and people, which led to job cuts across all geographies and tech. Although it had experienced rapid growth, the company now faces “a different economic reality.”
Pichai stated, “The fact these changes will affect the lives of Googlers is a heavy burden on me. I accept full responsibility for the decisions we made.”
Alphabet’s job loss affects all departments, including recruitment, some corporate functions, and some engineering and products teams.
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These layoffs affect all employees worldwide and immediately impact the U.S.
Alphabet had already emailed the memo to affected employees. However, due to local employment laws, it will take longer in other countries.
This news comes at a time of technological promise and economic uncertainty.
Pichai stated, “I am confident about the enormous opportunity in front of me thanks to the strength and value of our mission, our products and services, and our early investments into A.I.”
