Google is laying off 12,000 employees across the globe which constitutes to around 6 percent of its total workforce. Significantly, this is the largest ever round of layoffs in Google’s history.
Mass layoffs at large tech companies
Google’s parent company Alphabet announced mass job cuts amid changing economic realities. Moreover, Goggle has joined the list of many tech companies which have initiated job cuts to enact restructuring. Importantly, the announcement came a day after Microsoft has decided to cut more than 10,000 jobs globally. Alongside, many other tech giants including Meta, Amazon, Meta and Twitter has laid off thousands of workers. These major tech companies have announced at least 48,000 job cuts during this month alone. The recent layoffs are an indication of slowing global economy.
Google’s CEO Sundar Pichai issued a memo for Google employees to announce these job cuts. Moreover, the memo was later shared on company’s official blog post. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. 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.” Sundar Picha iwrote in the official memo. Furthermore, the memo also stated that job cuts are applicable in United States along with other unspecified locations. In addition, the job cuts will apply on different product and functional areas.
Slowdown after mass hiring at Google
Google went through a phase of rigorous growth over the past couple of years. The circumstances during the COVID-19 period created immense development opportunities for tech companies. Therefore, the company went on a hiring spree and its workforce increased significantly during that period. However, the economic reality has now changed and global economies are slowing down. Hence, Google has conducted a rigorous review and has come up with the decision to cut thousands of jobs. Mr. Pichai reiterated the same in his memo. Google’s workforce went up to 187,000 by the end of 2022 compared to 119,000 at the end of 2019.
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