Google Parent Company Alphabet to Lay Off 12,000 Employees Worldwide

It’s just been a month into the new year, and already the technology sector has seen radical shifts. The global economic uncertainty may have had something to do with the fact that every big corporation has reduced its workforce in order to revise its strategies for efficiency for the coming year.

In light of the recent news that Microsoft will be firing 10,000 employees, it should come as no surprise that Google‘s parent Alphabet is also considering the possibility of laying off approximately 12,000 of its company employees. 

Alphabet’s CEO Sundar Pichai said in a blog post that the layoffs were the result of a “rigorous evaluation” of the company. The layoffs impact departments across the corporation, from engineering and product development to human resources and other corporate activities. In addition to Google, Alphabet also controls the popular video-sharing website YouTube, which may also be affected by this. 

Pichai wrote on the corporate blog that the layoffs were necessary so that Google could “sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest objectives.” The chief executive officer remarked that artificial intelligence would play a key part in the future. He further said:

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.”

While Pichai acknowledged that the past several years have seen rapid growth at Alphabet, he admitted that the company “hired for a different economic reality than the one we face today.” A number of large companies, including Amazon, Meta, and others, have recently implemented harsh and severe job losses as a direct response to the current state of the economy.

Pichai stated that Alphabet will need to reduce spending and hiring after the firm reported a drop in quarterly profits of 27% when compared to the same period the previous year. It is possible that this led to the decision to lay off employees. 

The employees will continue to get their full pay throughout the notice period; however, this change is a reason for concern given that approximately 50,000 employees, including this, have been laid off so far in 2023, which is only 20 days into the year. What lies ahead is unclear, but the current state of the industry is not pleasant.

ABOUT THE AUTHOR

Muhammad Qasim


Qasim's deep love for technology and gaming drives him to not only stay up-to-date on the latest developments but also to share his informed perspectives with others through his writing. Whether through this or other endeavors, he is committed to sharing his expertise and making a meaningful contribution to the world of tech and gaming.
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