Google’s parent company, Alphabet, has announced plans to cut around 12,000 jobs worldwide in the latest round of massive tech layoffs.
The new decision, according to the company, will affect 6 percent of its workforce worldwide.
The new development comes a day after Microsoft announced plans to lay off around 11,000 employees.
In a blog post there, Alphabet Inc. Chief Executive Officer, Sundar Pichai, said the company has decided to reduce the workforce by approximately 12,000 roles.
“We have sent a separate email to affected employees in the US. In other countries, this process will take longer due to local laws and practices.
“This means goodbye to some talented people who have worked hard to hire and enjoy working with. I am sorry. The fact is that these changes will affect the lives of Googlers, and I am responsible for the decisions that led us here,” he said. Mr. Pichai.
Over the past two years, he said the company has experienced dramatic growth.
“I believe in the great opportunity ahead of us because of the strength of our mission, the value of our products and services, and our early investment in AI.
“To take it fully, we had to make difficult choices. So, we have carried out a rigorous review of the areas and functions of the product to ensure that our employees and roles are in line with the highest priorities as a company. The eliminated roles reflect the results of the review. He across Alphabet, product areas, functions, levels and regions,” he said.
He notes that the layoffs are an important moment to sharpen the company’s focus, redesign the cost base, and direct talent and capital to the company’s highest priorities.
The company had an income report last October announcing revenues of $69 billion and profits of $13.9 billion, marking an increase in revenue (from $65.1 billion in the previous year) but a decrease in profits (down from $18.9 billion in the same quarter of 2021) .
Google is the latest technology company to lay off employees in a new wave of large layoffs in the tech industry that have affected employees of Twitter, Facebook, Amazon, IT group Salesforce and Microsoft.
Dismissal
Earlier in January, Salesforce announced it would lay off about 10 percent of its employees.
Last year, Amazon laid off about three percent of its employees and less than one percent of its global workforce.
In November 2022, Twitter Inc laid off half its workforce as advertisers pulled spending amid concerns about content moderation.
ALSO READ: Microsoft to cut thousands of jobs
Facebook’s parent company, Meta, also announced it will lay off more than 11,000 employees, reducing the company’s workforce by about 13 percent.
On Thursday, Microsoft announced plans to lay off about 11,000 employees, reducing the company’s workforce by about 5 percent.
Support journalism integrity and credibility PREMIUM TIMES
Good journalism costs a lot of money. But only good journalism can guarantee the possibility of a good society, responsible democracy, and transparent government.
For continued free access to the best investigative journalism in the country, we ask that you consider making a modest contribution to this noble effort.
By contributing to PREMIUM TIMES, you help keep journalism relevant and ensure it remains free and available to all.
contribute
AD TEXT: Call Willie – +2348098788999
