Google’s parent company, Alphabet, will lay off 12,000 employees, about 6% of its total workforce.
“Over the past two years we have seen a period of dramatic growth. Hired,” Google CEO Sundar Pichai wrote in an email to employees. Reprinted from CNBC).
Employees affected by layoffs will receive 2 weeks of salary plus 16 weeks of severance pay for each year they work at Google. On the benefits side, they get six months of health care, job placement services, and immigration support.
“We undertook a rigorous review across product areas and functions to ensure that our people and roles are aligned with our top priorities as a company,” added Pichai. “The roles we eliminate reflect the results of that review. They cut across alphabets, product areas, functions, levels and geographies.”
Google’s announcement comes just days after Microsoft announced it would lay off 10,000 employees by the third quarter of its fiscal 2023 fiscal year. Salesforcemeta, twitter, AmazonWhen numerous startups It has also announced staff reductions in recent months.
Many of the CEOs of these companies have made statement after statement, focusing on the same cause behind the layoffs. After years of massive spending and rapid hiring, now is the time to cut back. During the pandemic, consumers and businesses signed up for new cloud services and ordered freely from e-commerce platforms. But amid growing fears of a looming recession, they are now cutting back on spending, impacting tech companies’ revenues and staffing requirements.
Among the largest tech companies, Google has held out longer than most before unleashing layoffs.continued to employ thousands of workers despite what was believed to be a hiring freeze Until at least the third quarter of last yearHowever, given the market challenges ahead for the search engine giant, there is a need to resume hiring, especially for roles in highly specialized areas such as machine learning and artificial intelligence (AI). there is no doubt.