Google Is Laying Off 12,000 Workers: According to an email that was sent out to all employees of the company, the parent company of Google, Alphabet, will be eliminating approximately 12,000 jobs, which represents approximately six percent of its global workforce.
Google Is Laying Off 12,000 Workers
The Chief Executive Officer, Sundar Pichai, expressed his “profound regret” to those employees who will be laid off and acknowledged that this was “a difficult decision to set us up for the future.” Pichai has stated that he takes “full responsibility for the decisions that lead us here,” and the effects of the layoffs will be felt all across the world and throughout the entire organisation.
During the past few years, when the company was experiencing a period of “dramatic expansion,” Alphabet went on a hiring spree; nevertheless, Pichai stated that the company “hired for a different economic reality than the one we confront now.” In the past few weeks, companies such as Microsoft, Amazon, Meta, and others have implemented harsh and severe employment layoffs as a direct response to the current economic climate.
Because of the success of its advertising and cloud-computing businesses, Google has delayed the implementation of layoffs longer than its competitors. Pichai stated that Alphabet will need to reduce spending as well as hiring because the company’s profit for the most recent quarter was down by 27 percent when compared to the same period the previous year. On the other hand, activists and analysts advocated for more severe cuts, pointing out that the number of employees employed by the corporation had increased by twenty percent since 2017, as reported by Bloomberg.
What Sundar Pichai Said About Google Layoff
Sundar Pichai stated that employees would continue to get pay for the whole notice period, which would be a minimum of sixty days. In addition, Alphabet will provide severance packages beginning at 16 weeks of income plus an additional two weeks for every year spent working at Google “as well as speed up the GSU vesting process by at least 16 weeks. ” Additionally, it will pay bonuses for 2022 and any leftover vacation time, in addition to providing six months of healthcare, job placement services, and “immigration support for those who have been harmed.”
In only the previous two weeks, Microsoft, Amazon, and Meta have each let go of 10,000, 18,000, and 11,000 people, respectively. In recent months, Google has taken a number of further cost-cutting measures, including the discontinuation of Stadia, the next generation of Pixelbook notebooks, and a number of other measures. It has stated that it is “getting ready to provide some whole new experiences for users, developers, and companies,” indicating that it intends to place an even greater emphasis on AI.
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