Thursday, February 9, 2023

Another technical ‘giant’ Google in trouble: will lay off 12 thousand employees

Google’s parent company, Alphabetannounced this friday lay off 12,000 employeesmaking up more than 6 percent of its global workforce latest tech giants In making cuts after years of prolific growth and recruitment.

The cuts will affect jobs globally and across the company, CEO Sundar Pichai told employees in an email on Friday, writing that he believes “Full responsibility for the decisions that got us here”,

With the layoffs, Google joins several other tech giants that have slowed operations amid a faltering global economy and skyrocketing inflation.

Meta, Twitter and Amazon have cut their workforce. thanks for being flexible search businessGoogle used to be one of the most resilient tech companies, but the company is struggling with a slowdown in digital advertising and its cloud computing division lags behind Amazon and Microsoft.

“These are important moments sharpen our focus, Redesign our cost base, and direct our talent and capital to our top priorities,” Pichai wrote in the email.

He said there is “substantial opportunity in front of us” with the company. artificial intelligenceA major investment area where Google has recently faced increased competition.

How much will Google fired employees get?

Pichai said that Alphabet will pay at least the affected employees. 16 weeks compensation and six months of health benefits in the United States, while other regions will receive packages based on local laws and practices. Bonuses will not be affectedshe insisted.

In October, the company reported third quarter earnings and revenue failed to meet analysts’ expectations, Compared to the prior year, profit fell 27 percent to $13.9 billion. At the time, Pichai indicated Google would cut spending and Chief Financial Officer Ruth Porat said the number of new jobs would more than halve in the fourth quarter compared to the previous period.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news