Layoffs will occur worldwide. The company promised former employees comprehensive support.
Alphabet Inc., the parent company of Google, has announced that it will cut about 12,000 jobs, or more than 6% of its global workforce. Bloomberg reported this on January 20.
function news4439323() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4439323&lang=2&IsAjax=true’, function (data) { $(‘#nk4439323’).html(data); });
}
news4439323();
CEO Sundar Pichai explained in an email to employees that the cuts will apply to jobs worldwide and company-wide. He added that he takes “full responsibility for the decisions that brought us here.”
According to the agency, Google joins a number of other technology giants that have drastically cut staff amid a slumping global economy and rising inflation.
In the past, Meta, Twitter, and Amazon have taken similar steps.
“Thanks to a robust search business, the company has avoided significant layoffs longer than other technology holdings. But it faces slowing growth in digital advertising, and its cloud computing division continues to which is lagging behind Amazon and Microsoft,” the article states.
Pichai emphasized that there are “significant opportunities” for the company in the field of artificial intelligence, a key area of investment where Google has faced a sharp increase in competition in recent times.
Former Google employees in the US will receive 16 weeks of severance pay and six months of insurance payments. They will also be paid bonuses for 2022 and vacation pay balances. Employees in other countries will receive support subject to local legal conditions.
In October, the company’s profit fell 27% to $13.9 billion compared to the previous year. At the time, Pichai said Google would reduce its spending, while CFO Ruth Porat said the number of new jobs in the fourth quarter would be cut by more than half compared to the previous period.
Google has taken several cost-saving measures in recent months, canceling the next generation of its Pixelbook laptop and shutting down cloud gaming service Stadia for good.
Earlier it was reported that Amazon will lay off more than 18,000 employees as part of the staff reduction, and Meta – 11,000 workers.
Removal and processing. How Musk is leading Twitter
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.