Google parent Alphabet has become the latest U.S. tech giant to make deep staff cuts.
The company is planning to axe 12,000 staff after a “rigorous review” of the business, according to a blog post from Google and Alphabet CEO Sundar Pichai. This represents about 6% of its global workforce.
Just this week, Microsoft revealed it was eliminating 10,000 roles, while Facebook parent Meta is in the process of downsizing, Amazon is cutting 18,000 staff globally and Twitter has halved its numbers since Elon Musk became its owner.
In an email to staff sent today, Pichai took responsibilities for the cuts. “Over the past two years we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today,” he wrote.
“I am confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI. To fully capture it, we’ll need to make tough choices. So, we’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company. The roles we’re eliminating reflect the outcome of that review. They cut across Alphabet, product areas, functions, levels and regions.”
More follows.
Must Read Stories
Reed Hastings Now Exec Chairman; Greg Peters New Co-CEO; Streamer Posts Mixed Q4
Hot Titles, First Big Sale, Ryan Coogler Q&A, The Surprise Screening & More
Rami Malek-Led Buster Keaton Limited Series From Matt Reeves In Works At Warner Bros TV
Joachim Rønning In Talks To Direct Jared Leto In Disney Sequel ‘Tron: Ares’
Read More About:
Source: Read Full Article