GOOGLE AXES 12,000 JOBS OR 6% OF ITS WORKFORCE

  • Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.
  • Sundar Pichai, the CEO of Google’s parent Alphabet, informed staff Friday at the Silicon Valley giant about the cuts in an e-mail that was also posted on the company’s news blog.
  • It’s one of the company’s biggest-ever round of layoffs and adds to tens of thousands of other job losses recently announced by Microsoft, Amazon, Facebook parent Meta and other tech companies as they tighten their belts amid a darkening outlook for the industry.
  • Just this month, there have been at least 48,000 job cuts announced by major companies in the sector.
  • “Over the past two years we’ve seen periods of dramatic growth,” Mr. Pichai wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today.” He said the layoffs reflect a “rigorous review” by Google of its operations.
  • The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Mr. Pichai said. He said he was “deeply sorry”.

‘Cost base’

  • Regulatory filings illustrate how Google’s workforce swelled during the pandemic, ballooning to almost 1,87,000 people by late last year from 1,19,000 at the end of 2019.
  • “These are important moments to sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities,” the CEO wrote.

SOURCE: THE HINDU, THE ECONOMIC TIMES, PIB

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