Saturday, January 28, 2023

Google will cut 12,000 jobs in its tech sector

New York – The US company Alphabet (Google) announced this Friday that it would cut its workforce by around 12,000 people, 6.4%, after years of “spectacular” growth, which, like the current one, is up against a “different economic reality”. Has come

In fact, it has already sent a separate email to US employees who have been affected by this workforce reduction, as Google and Alphabet CEO Sudar Pichai announced in a statement.

In other countries, this process of communication to employees will take a little longer to accommodate local laws and practices.

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These layoffs were announced after conducting a “rigorous review” across all product areas and functions, with the aim of realigning the company’s costs and directing talent and capital towards its most important priorities.

The company will compensate employees around the world in accordance with local country practices.

“We’ve seen a period of spectacular growth over the last two years,” Pichai wrote. “To match and fuel that growth, we’ve hired for a different economic reality than what we face today.”

He said the layoffs reflect a “rigorous review” of its operations by Google.

Pichai said the jobs were being eliminated “across alphabets, product sectors, functions, levels and sectors”. He said he was “deeply sorry” about the layoffs.

Regulatory filings detail how Google’s workforce has grown during the pandemic, from about 187,000 people at the end of last year to 119,000 at the end of 2019.

Pichai said Google, founded nearly a quarter-century ago, was “destined to go through tough economic cycles.”

He announced the layoff of 18,000 employees.

“These are critical times to sharpen our focus, reshape our cost base, and direct our talent and capital to our highest priorities,” he wrote.

According to Pichai’s letter, there will be job cuts in the US and other unspecified countries.

On the other hand, technology has advanced that it is preparing to launch new experiences for users, developers and companies and has highlighted artificial intelligence as a great opportunity for their products.

Google had a workforce of 150,028 people at the end of September 2021, compared to 186,779 on the same date in 2022.

It is one of the largest rounds of layoffs in company history and adds to thousands of other job losses recently announced by Microsoft, Amazon, Facebook parent company Meta and other tech companies as they adjust. Industry.

At least 48,000 layoffs have been announced by major companies in the sector this month alone.

A week of layoffs at technology companies continues with Microsoft announcing that it will lay off 10,000 employees, which is 5% of its workforce. Amazon has also started reporting 18,000 expected layoffs this week.

All this happens after a 2022 in which the world’s biggest technology companies have laid off more than 150,000 employees in companies like Twitter or Meta (Facebook).

Meta has worried investors by moving away from social media, pouring more than $10 billion a year into the “metaverse”. Zuckerberg predicts that the Metaverse, an immersive digital environment, will eventually replace the cell phone as the main way to access technology.

This week alone, Microsoft announced 10,000 job cuts, or about 5% of its workforce. Amazon said this month it would cut 18,000 jobs, although this is a fraction of its 1.5 million workforce, while business software maker Salesforce will lay off about 8,000 employees, or 10% of the total.

Last fall, Facebook parent Meta announced it was cutting 11,000 positions, or 13% of its workforce. The last time Elon Musk cut jobs at Twitter after he acquired the social media company.

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.
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