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." ADVERTISEMENT "I take full responsibility for the decisions that led us here," he said.
Here is some information that might help answer your question - Nvidia recently announced a 10-for-1 stock split, effective June 7, which will lower the price of each Nvidia share by offering more shares to current holders. - The company's decision to split its shares is based on its optimism about its future and its belief that its shares have what it takes to take off once again. - Nvidia's stock price has been increasing, reaching nearly $1,000 this week in the trading session following Nvidia's earnings report and announcement of a stock split. - Wall Street analysts are updating their coverage of Nvidia as the leading name in artificial intelligence (AI) prepares to release its next quarterly earnings report on May 22. - Nvidia shares have more than tripled in the last 12 months