Google layoffs

Google's parent Alphabet Inc is eliminating about 12000 jobs, or 6% of its workforce, it said Friday, as Silicon Valley reels from recent layoffs and faces ...

The company faces competitive and regulatory threats as well, she said. Among those facing cuts included recruiters, corporate staff, engineering and product teams, he said. company, which has long been the leader in key areas of AI research. Register for free to Reuters and know the full story Alphabet's layoffs followed a review of its people and priorities, leading to layoffs across geographies, he said. Still, he said, Google was gearing up "to share some entirely new experiences for users, developers and businesses," and the company has "a substantial opportunity in front of us with AI across our products."

"Over the past two years we've seen periods of dramatic growth," CEO Sundar Pichai wrote. "To match and fuel that growth, we hired for a different economic ...

"Over the past two years we've seen periods of dramatic growth," Pichai wrote. He said the layoffs reflect a "rigorous review" carried out by Google of its operations. "To match and fuel that growth, we hired for a different economic reality than the one we face today."

Google CEO Sundar Pichai told employees in an email on Friday that he takes 'full responsibility for the decisions that led us here'.

In October, the company reported earnings and revenue that missed analyst expectations. We’ve already sent a separate email to employees in the US who are affected. The cuts mark the latest to shake the technology sector and come days after rival Microsoft Corp said it would lay off 10,000 workers.

Google parent Alphabet Inc. said it will cut about 12000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years ...

Sundar Pichai, Google's CEO, said in an email sent round the company's staff Friday that the firm will lay off 12000 employees.

That's why I remain optimistic about our ability to deliver on our mission, even on our toughest days. As part of that, if you are just starting your work day, please feel free to work from home today. We've already sent a separate email to employees in the US who are affected. Being constrained in some areas allows us to bet big on others. Sundar Pichai, Google's CEO, said in an email sent to the company's staff Friday that the firm will begin making layoffs in the U.S. Thanks to those early investments, Google's products are better than ever. In other countries, the process "will take longer due to local laws and practices," he said. The roles we're eliminating reflect the outcome of that review. 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. This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. Hikes to interest rates from the U.S. That same day, Microsoft announced plans to [lay off 10,000 workers](https://www.cnbc.com/2023/01/18/microsoft-is-laying-off-10000-employees.html).

Alphabet-owned search giant joins other major technology player in axing thousands of workers as the economy slows.

Although experts forecast a slowdown in the labor market this year, hiring across the U.S. The nation's unemployment rate Also in January, Amazon said it would cut 18,000 jobs, Facebook parent Meta announced it is eliminating 11,000 positions and software maker Salesforce said it would shed 7,000 workers. "Over the past two years we've seen periods of dramatic growth," Pichai wrote. Added Pichai, "As an almost 25-year-old company, we're bound to go through difficult economic cycles. [Coinbase cut 20% of its workforce](https://www.cbsnews.com/news/coinbase-layoffs-job-cuts-cryptocurrency/), about 950 jobs, in its second round of layoffs in less than a year.

At least 18 U.S. companies have conducted major rounds of job cuts so far this month, as recession fears continue in 2023.

The biggest came from Facebook and Instagram parent company [Meta](https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/), which laid off roughly 11,000 employees in November. [75%](https://techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/) of the social media platform’s 7,500 employees, although he denied that report, saying the number was inaccurate. The company started laying off employees in November, which reportedly affected [50%](https://www.ft.com/content/9164ab3f-39b7-45a4-ac25-8bf5a1c7f7df) of its staff. announced plans to lay off 25% of its workforce (950 employees) in a company [125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker](https://www.forbes.com/sites/brianbushard/2022/12/24/125000-laid-off-in-major-cuts-as-recession-fears-spiked-according-to-forbes-tracker/?sh=3200e8cce0cb) (Forbes) [Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=3c20e2a05c6e) (Forbes) [46,000 Laid Off In November Alone As Job Cuts Grow](https://www.forbes.com/sites/brianbushard/2022/12/01/46000-laid-off-in-november-alone-as-job-cuts-grow/?sh=3b50e77948d4) (Forbes) The company with the most rounds of cuts was [Peloton](https://www.forbes.com/sites/jackkelly/2022/02/08/peloton-ceo-is-out-and-2800-employees-are-laid-off-but-offered-free-peloton-memberships/?sh=34bc2afd56cd), which underwent four separate rounds of layoffs, including one that affected more than 2,800 workers. [internal memo](https://newsroom.stitchfix.com/blog/update/), after [laying off](https://newsroom.stitchfix.com/blog/a-message-from-our-ceo/) another 15% of its staff last June. [ blog post](https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees) in order to “weather downturns in the crypto market,” after it [ laid off](https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html) another 18% of its staff last June. [CNBC](https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html), as the company struggles with an increase in the cost to “secure and distribute programming,” and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, [according to](https://www.leichtmanresearch.com/major-pay-tv-providers-lost-about-785000-subscribers-in-3q-2022/) the Leichtman Research Group. [announced](https://crypto.com/company-news/company-update/) the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces “ongoing economic headwinds and unforeseeable industry events—including the collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX late last year, which “significantly damaged trust in the industry.” [cuts](https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/), which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another [round of layoffs](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=6bc19f365c6e) affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. [filing](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001409970/1392acbf-b892-4549-95ac-da9179c274f7.pdf), amid a “challenging economic environment,” as the San Francisco-based company attempts to “align its operations to reduced marketplace revenue” following seven rounds of Federal Reserve [interest rate hikes](https://www.forbes.com/sites/jonathanponciano/2023/01/04/fed-expects-no-interest-rate-cuts-in-2023-one-official-warns-of-costly-error-if-central-bank-backs-down-too-soon/?sh=5841274f24ae) last year and as concerns persist of a potential recession.

Google's parent company Alphabet has announced it's cutting 12,000 jobs, or 6 per cent of its workforce, becoming the latest tech giant to slash its ...

The layoffs are global and impact US staff immediately. “Over the past two years we’ve seen periods of dramatic growth,” he wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today”.

Google says it's laying off 12000 workers, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 ...

The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said. Yet the tech sector grew exceptionally fast over the last several years due to increased demand as employees began to work remotely. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. Cryptocurrency trading platform Coinbase cut 20% of its workforce, about 950 jobs, in its second round of layoffs in less than a year. has been resilient despite signs of a slowing economy, and there were another 223,000 jobs added in December. Just this month, there have been at least 48,000 job cuts announced by major companies in the sector.

Google founders Sergey Brin and Larry Page have been summoned back to help fend off the ChatGPT threat. Chris Hondros/Getty Images.

[Tech layoffs in 2023 are already one-third of last year’s number and it’s only January](https://fortune.com/2023/01/20/tech-layoffs-2023-near-2020-totals-google-microsoft-amazon/), by Chris Morris [Mark Cuban says success with generative A.I. For further evidence, look at the New York Times’ report Friday that [Alphabet executives called in founders](https://www.nytimes.com/2023/01/20/technology/google-chatgpt-artificial-intelligence.html) Larry Page and Sergey Brin, who aren’t a regular presence at the company, to review A.I. This year’s State of the Game Industry report, a widely respected annual survey of 2,300 game developers, found minimal excitement about companies devoting billions of dollars to building metaverse and blockchain-related technology. Interestingly, those who had any amount of optimism about the metaverse were more likely to say Epic Games—not Meta—is best positioned to pioneer the space. The lending arm of billionaire Barry Silbert’s Digital Currency Group said in bankruptcy filings that it owes at least $3.4 billion to more than 100,000 creditors. As it stands, Netflix is focused more on evolution than revolution, looking to squeeze more out of its core streaming business (a venture into mobile gaming is underway, though early results are mixed at best). Both shifts have Netflix well-positioned to generate short-term revenue bumps and emerge from the streaming wars on solid footing. [Microsoft](https://fortune.com/company/microsoft/) generates copious buzz about integrating preferred partner OpenAI’s captivating machine-learning technology into its products. We have a substantial opportunity in front of us with AI across our products and are prepared to approach it boldly and responsibly.” Early in the memo, Pichai says he’s “confident about the huge opportunity in front of us,” specifically mentioning “our early investments in AI.” Later, Pichai teases the imminent arrival of A.I.-related leaps across its suite of services. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. The CEO takes responsibility for the misread.

Google is the latest tech company to slash jobs after rapid expansion during the pandemic.

Amazon announced in early January it would cut [18,000 jobs](https://www.axios.com/2023/01/05/amazon-layoffs-18000-jobs) and Salesforce said it plans to layoff [10% of its staff](https://www.cnn.com/2023/01/04/tech/salesforce-layoffs/index.html). [Microsoft](https://www.axios.com/2023/01/18/microsoft-layoffs-nadella) said earlier this week it plans to layoff close to 10,000 workers. The threat of layoffs and instability have only lessened the appeal of these tech jobs, which once seemed [immune to the broader economy.](https://www.axios.com/2023/01/06/layoffs-techs-new-normal-amazon-salesforce) - “Over the past two years we’ve seen periods of dramatic growth," Pichai wrote on the Google blog. The process for international employees "will take longer due to local laws and practices," he said. employees who will be affected by the layoffs.

Alphabet Inc.'s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies ...

Disclosures about cuts at Google’s parent company, Microsoft Corp., and Amazon.com Inc. Alphabet Inc.’s plan to reduce headcount by more than 6% — about 12,000 roles — is adding to mass job cuts that are accelerating at technology companies around the world. have added another 30,000 positions in January.

The 12,000 job cuts are about 6% of Google's nearly 187,000-person worldwide workforce. Austin is one of Google's largest hubs, and the company told the ...

And Facebook parent Meta [announced 11,000 job cuts](https://www.usatoday.com/story/tech/2022/11/09/meta-layoffs-facebook-parent/8313462001/), or 13% of its workforce, in November. Google's layoffs are the latest in a string of job cuts by major technology companies. The company said it would offer six months of health insurance, job placement help and a severance package starting at 16 weeks salary, plus two weeks for each year at Google. That knowledge will be transferred and will actually work to everyone’s benefit.” The affected positions were spread throughout the company and spanned across a variety of regions, functions, levels and product focus areas, the blog post said. This week, Amazon began laying off thousands of employees. 4, Amazon CEO Andy Jassy "Being constrained in some areas allows us to bet big on others." "Over the past two years, we’ve seen periods of dramatic growth. It was not immediately clear Friday how many of the company's Central Texas employees will be affected. Impacted Austin employees may have already been notified. At the time, Google

The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.

[bracing for cuts ](https://www.nytimes.com/2022/12/28/technology/google-job-cuts.html)as their peers at other large tech firms announced job losses. The company’s cloud computing business has continued to trail Amazon and Microsoft. But the technology sector has not been immune from rising interest rates and a slumping global economy. It comes at a time when Google is facing competition from rivals offering new ways to search for information on the internet. In a note titled “A difficult decision to set us up for the future,” Mr. “These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities,” Mr. As the advertising industry struggles and companies purchase fewer ads on Google’s search engine or YouTube, Alphabet’s bottom line took a hit. Google, started in 1998, helped define a Silicon Valley work culture that influenced corporations far beyond the technology sector. Pichai said in a note to employees posted on the company’s Sundar Pichai, Alphabet’s chief executive, said the company expanded too rapidly during the pandemic, when demand for digital services boomed, and now must refocus on products and technology core to the company’s future, Amazon, Meta, Microsoft, Salesforce and Twitter are among others who have announced thousands of job cuts. [will conduct an audit of its U.S.