Google's parent firm to lay off 12,000 workers

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The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers.

The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers.

Published January 20, 2023

Updated January 20, 2023

DAVOS — Google's parent Alphabet Inc is eliminating about 12,000 jobs, or 6 per cent of its workforce, the company said Friday (Jan 20), in the latest cuts to shake the technology sector.

Mr Sundar Pichai, Alphabet's CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years "for a different economic reality than the one we face today."

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"I take full responsibility for the decisions that led us here," he said.

Mr Pichai added, "The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here".

"Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today."

READ ALSO

Corporate America lays off thousands as recession worries mount

The cuts come days after rival Microsoft Corp said it would lay off 10,000 workers.

Alphabet's job losses affect teams across the company including recruiting and some corporate functions, as well as some engineering and products teams.

ADVERTISEMENT

The layoffs are global and impact US staff immediately.

Alphabet has already emailed affected employees, the memo said, while the process will take longer in other countries due to local employment laws and practices.

The news comes during a period of economic uncertainty as well as technological promise, in which Google and Microsoft have been investing in a burgeoning area of software known as generative artificial intelligence.

"I am confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI," Mr Pichai said in the note.

READ ALSO

Amazon to cut 18,000 jobs as layoffs expand in tech sector

Reuters was first to report the news. REUTERS

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Comments

CYKuan
2023-01-21
CYKuan
thanks for sharing
Jitindar
2023-01-20
Jitindar
Great 👍 work
AlvinTang
2023-01-20
AlvinTang
Ok
AlvinTang
2023-01-20
AlvinTang
Ok
DoreamonGo
2023-01-20
DoreamonGo
Ok
LC733
2023-01-20
LC733
Ok

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