Google Parent Alphabet to Cut 12,000 Jobs - The New York Times
Alphabet, the parent company of Google, said on Friday that it plans to cut 12,000 jobs, becoming the latest technology company to reduce its work force after a hiring spree during the pandemic and amid concerns about a broader economic slowdown.
The job cuts are the company’s largest ever, amounting to about 6 percent of the company’s global work force. Sundar Pichai, Alphabet’s chief executive, said the company expanded too rapidly during the pandemic, when demand for digital services boomed, and now must refocus on products and technology core to the company’s future, like artificial intelligence.
“We hired for a different economic reality than the one we face today,” Mr. Pichai said in a note to employees posted on the company’s website.
Google joins a list of other technology companies that have laid off workers after concluding they had overextended under the belief that the pandemic-fueled boom represented a new normal. Amazon, Meta, Microsoft, Salesforce and Twitter are among others who have announced thousands of job cuts.
More than 190,000 jobs have been cut by technology firms since the start of 2022, according to Layoffs.fyi, a website that tracks job cuts in the industry.
More on Big Tech
- Microsoft: The company said it would lay off 10,000 workers, as it looks to trim costs amid economic uncertainty and to refocus on priorities such as artificial intelligence.
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