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LONDON — Google has laid off 12,000 workers, or about 6% of its workforce, making it the latest tech company to cut staff as the boom the industry was riding during the COVID-19 pandemic receded. became.
CEO Sundar Pichai notified staff at the Silicon Valley giant of the cuts in an email on Friday, which was also posted on the company’s news blog.
The layoffs add to the tens of thousands of job losses recently announced by Microsoft, Amazon, Facebook parent company Meta and other tech companies to tighten industry belts amid a bleak industry outlook. Just this month, a major player in the sector announced at least 48,000 job cuts.
“Over the past two years, we have seen a period of dramatic growth,” Pichai wrote. “To keep pace with that growth, we hired for economic realities that are different from those we are currently facing.”
The layoffs, he said, reflect a “critical overhaul” of the business Google has carried out.
Pichai said the jobs being cut “span across Alphabet, product areas, functions, levels and geographies.”
In a regulatory filing late last year, the company said it employs about 187,000 people.
‘Difficult economic cycle’
Pichai said Google, which was founded nearly a quarter of a century ago, is “destined to go through a difficult economic cycle.”
“These are key moments to sharpen our focus, redesign our cost base, and direct talent and capital to our top priorities,” he wrote.
According to Pchai’s letter, there will be job cuts in the United States and other countries.
Microsoft, Amazon, Meta
Earlier this week, Microsoft announced 10,000 job cuts. This equates to nearly his 5% of employees. Amazon says he will cut 18,000 jobs, which is just a fraction of her 1.5 million strong workforce.
Facebook parent company Meta has cut 11,000 jobs, or 13% of its workforce, while business software maker Salesforce has laid off about 8,000 employees, or 10% of its workforce. Twitter CEO Elon Musk cut jobs at the company after acquiring the company last fall.
US employment is resilient despite signs of economic slowdown, with a further 223,000 jobs added in December. However, the technology sector has grown very quickly over the last few years as demand increased as employees started working remotely.
The CEOs of many companies are responsible for rapid growth, but those companies, even after recent job cuts, are much bigger than they were before the pandemic-induced boom began.
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