Current:Home > reviewsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -OceanicInvest
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-12 13:51:09
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! (914)
Related
- Highlights from Trump’s interview with Time magazine
- Versailles Palace evacuated again for security alert amid high vigilance in France against attacks
- Are 3D mammograms better than standard imaging? A diverse study aims to find out
- Here are the Top 10 most popular Halloween candies, according to Instacart
- Buckingham Palace staff under investigation for 'bar brawl'
- Celebrate Disney’s 100th Anniversary with These Magical Products Every Disney Fan Will Love
- We couldn't get back: Americans arrive in U.S. from Israel after days of travel challenges
- We couldn't get back: Americans arrive in U.S. from Israel after days of travel challenges
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Pink Cancels Concerts Due to Family Medical Issues
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Israeli officials identify 2 Hamas leaders it says are responsible for attack, backed by Iran
- Medical expert testifies restraint actions of Tacoma police killed Washington man
- How Will and Jada Pinkett Smith's Daughter Willow Reacted to Bombshell Book Revelations
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Clashes again erupt on the Lebanon-Israel border after an anti-tank missile is fired from Lebanon
- Stock market today: World shares gain on back of Wall Street rally as war shock to markets fades
- Bills RB Damien Harris released from hospital after neck injury, per report
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
A mountain lion in Pennsylvania? Residents asked to keep eye out after large feline photographed
For the first time, Ukraine has used US-provided long-range ATACMS missiles against Russian forces
Waiting for news, families of Israeli hostages in Gaza tell stories of their loved ones
New data highlights 'achievement gap' for students in the US
Horror as Israeli authorities show footage of Hamas atrocities: Reporter's Notebook
We couldn't get back: Americans arrive in U.S. from Israel after days of travel challenges
Here are the key leaders joining the Belt and Road forum and their wish lists to Beijing