Current:Home > FinanceGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -AssetScope
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
Fastexy View
Date:2025-04-09 15:37:32
Google is the latest tech giant to announce a massive layoff: the company announced on Friday that it is slashing about 12,000 jobs.
The company already has notified affected employees in the United States, CEO Sundar Pichai wrote in an email to all Google employees. Layoffs will take longer in other countries due to local laws, Pichai said.
The job cuts represent about 6% of Google's global workforce. It is not clear how many of those jobs are in the U.S.
January has been a brutal month for Big Tech workers. Microsoft announced sweeping layoffs Thursday and is cutting 10,000 jobs, or about 5% of its workforce. Amazon and Salesforce announced layoffs earlier this month.
The companies say they hired rapidly during the pandemic and now have to make serious cuts amid an uncertain economy.
"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," wrote Pichai in the email to staff posted online and in a regulatory filing.
The layoffs also come as major tech companies like Google pivot to artificial intelligence. But expanding on early investments comes with "tough choices," Pichai wrote.
The job cuts will hit employees throughout parent company Alphabet and across "product areas, functions, levels and regions," he said.
In addition to cuts at big tech companies, there have been layoffs on Wall Street. Goldman Sachs said it was planning to lay off about 3,200 employees in one of the biggest cuts since the 2008 financial crisis.
veryGood! (9)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Teen Mom's Maci Bookout Shares How Ryan Edwards' Overdose Impacted Their Son Bentley
- Russian officials say 5 drones were shot down, including 1 that targeted Moscow
- Woman charged with abandoning newborn girl in New Jersey park nearly 40 years ago
- A South Texas lawmaker’s 15
- The president of a Japanese boy band company resigns and apologizes for founder’s sex abuse
- Hurricane Lee charges through open Atlantic waters as it approaches northeast Caribbean
- Former British police officers admit sending racist messages about Meghan and others
- Meet first time Grammy nominee Charley Crockett
- Lawyer for Influencer Ruby Franke's Husband Denies Involvement in Alleged Child Abuse Case
Ranking
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- Extreme heat is cutting into recess for kids. Experts say that's a problem
- Alabama teen sentenced to life for killing 5 family members at 14
- Film festival season carries on in Toronto, despite a star-power outage
- Stamford Road collision sends motorcyclist flying; driver arrested
- Report: NFL analyst Mina Kimes signs new deal to remain at ESPN
- Actor Danny Masterson sentenced to 30 years to life in prison for rape
- Poland bank governor says interest rate cut justified by falling inflation
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
Human skull found in Goodwill donation box in Arizona; police say no apparent link to any crime
Poland bank governor says interest rate cut justified by falling inflation
Russian officials say 5 drones were shot down, including 1 that targeted Moscow
Bodycam footage shows high
First day of school jitters: Influx of migrant children tests preparedness of NYC schools
The UK is rejoining the European Union’s science research program as post-Brexit relations thaw
The 27 Most-Loved Wedding Gifts from Amazon With Thousands of 5-Star Reviews