Google parent Alphabet plans to lay off about 12,000 workers, or 6% of its workforce, becoming the latest tech giant to announce layoffs amid economic clouds.
The layoffs are the largest in the company’s history wall street journal report. They will affect various units and areas.
Amazon, Facebook and Instagram parent Meta Platforms, and Microsoft are the latest tech giants to announce layoffs. Amazon said earlier this month it would cut 18,000 jobs, while Microsoft earlier this week said it would cut 10,000 jobs. Meta announced plans to cut 11,000 jobs last year, and companies including Snap, Twitter and Netflix will also cut jobs significantly in 2022.
“Because of the strength of our mission, the value of our products and services, and our early investments in artificial intelligence, I am confident in the enormous opportunity that lies ahead of us,” Alphabet and Google CEO Sundar Pichai said in a memo. Zhong emphasized. Said he had “some difficult news to share” and also “takes full responsibility for the decisions that lead us here”.
The CEO noted: “This will mean saying goodbye to some very talented people that we have worked so hard to hire and have enjoyed working with. I am deeply sorry for that. …We have seen dramatic growth over the past two years times. To match and drive that growth, we hired for a different economic reality than we face today.”