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Even Google’s parent company Alphabet is not immune to the dark economic clouds, revealing on Friday that it plans to lay off around 12,000 employees, or 6% of its staff, and becoming the latest technology giant. technology to unveil big cuts.
The job cuts are the biggest ever for the company, the wall street journal reported and will affect various units and regions.
“I am confident of the tremendous opportunity that lies ahead of us through the strength of our mission, the value of our products and services, and our early investments in AI,” said Sundar Pichai, CEO of ‘Alphabet and Google, in a note he shared on his blog. Saying he had “difficult news to share”, he also took “full responsibility for the decisions that got us here”.
The CEO noted of the layoffs: “It will mean saying goodbye to some incredibly talented people that we have worked hard to hire and have loved working with. I am deeply sorry for this…. Over the past two years, we have experienced periods of spectacular growth. To support and fuel this growth, we hired for a different economic reality than the one we face today.
Pichai also wrote, “As a nearly 25-year-old company, we are forced to weather tough economic cycles. These are important times to sharpen our focus, reorganize our cost base, and direct our talent and capital to our highest priorities. Being constrained in some areas allows us to bet big on others. Pivoting the business to be AI-centric years ago has led to game-changing advancements in our business and across the industry. Thanks to these early investments, Google’s products are better than ever. And we’re preparing to share entirely new experiences for users, developers, and businesses alike. »
Amazon, Facebook and Instagram parent Meta Platforms and Microsoft are among other tech powerhouses that recently announced layoffs. Amazon announced earlier this month that it would cut its workforce by 18,000, while Microsoft announced earlier this week that it would lay off 10,000 people. Meta announced plans to cut 11,000 employees last year, with Snap, Twitter and Netflix also making significant cuts in 2022.
“While we’ve seen customers accelerate their digital spending during the pandemic, we’re now seeing them optimize their digital spending to do more with less,” Microsoft CEO Satya Nadella wrote in his note on the layoffs this week. “We are also seeing organizations across all sectors and regions treading cautiously as some parts of the world are in recession and others are anticipating one.”
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