Google’s parent company Alphabet to lay off 12,000 people worldwide

Google’s parent company Alphabet to lay off 12,000 people worldwide

Google’s parent company, Alphabet, is cutting about 12,000 jobs, or 6% of its workforce, in the latest cuts to shake the tech sector.

Alphabet Chief Executive Sundar Pichai said in a staff memo shared with Reuters that the company has been laying off workers in recent years “because of economic realities that differ from those we are currently facing.” He said it was expanding rapidly.

“I take full responsibility for the decisions that have brought us here,” he said.

The cuts come days after technology rival Microsoft announced it would lay off 10,000 employees.

Alphabet’s job losses are impacting teams across the company, including hiring, some corporate functions, and some engineering and product teams.

The layoffs are global and will immediately affect U.S. staff.

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

The news comes at a time of economic uncertainty and technological prospects. Google and Microsoft have invested in a burgeoning area of ​​software known as generative artificial intelligence.

“Thanks to the strength of our mission, the value of our products and services, and our early investments in AI, we are confident in the great opportunities ahead of us,” Pichai said in the memo. .

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