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Google lays off 12,000 staff in global offices

Alphabet, Google’s parent firm, announced approximately 12,000 job layoffs globally on Friday, citing a changing “economic reality,” becoming the latest US IT behemoth to implement the large-scale restructuring.

The layoffs came a day after Microsoft announced that it would cut 10,000 jobs in the coming months, following similar cuts by Facebook owner Meta, Amazon, and Twitter as the formerly untouchable tech sector struggles with a massive economic downturn.

“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,” Alphabet CEO Sundar Pichai said in an email to employees.

At the end of September 2022, Alphabet employed almost 187,000 people worldwide. The layoffs are more than 6 percent of the company’s overall staff.

According to Pichai, American employees have already been informed of the layoffs, while cuts in other countries would take longer due to local labor rules.

The reductions would be made “across departments, functions, levels of responsibility, and regions,” according to Pichai.

Pichai announced severance benefits for US employees, including at least 16 weeks of salary, their 2022 bonus, paid vacations, and six months of health insurance.

Analysts say tech’s big guns have historically overspent, with no signs of a reduction on the horizon.

The European Union has begun enforcing legislation to prevent US digital firms from evading taxes, restricting competition, benefitting from news material without paying, and serving as platforms for disinformation and hatred. BKM/ Expat Media


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