Connect with us

Hi, what are you looking for?


Companies Do Mass Layoffs of their 12,000 Workers

In an uncertain economic climate, Google’s parent company Alphabet Inc. announced it would cut 12,000 jobs or 6% of its global workforce, making it the latest tech company to do so.

Chief executive Sundar Pichai wrote in a company-wide memo on January 20 that the reductions will affect teams globally, including recruiting, corporate functions, and engineering and product development teams. A minimum of 16 weeks of salary, plus an additional two weeks for each year of employment, will be given to employees in the United States. Additionally, it would provide the affected workers with six months of health care, job placement services, and immigration support. Employees outside the country will be supported based on the local practices of their country.

Pichai said that the reduction is influenced by the shifting economy and their rapid expansion during the pandemic. He further wrote that the firm currently faces a “different economic reality.” Instead, the company will redirect investment and talent priorities, including artificial intelligence.

“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. 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.”

Alphabet is the latest company to announce massive layoffs. Microsoft Corp. (MSFT) has started to eliminate 10,000 jobs since Wednesday. Meanwhile, Inc. (AMZN) announced it would soon start to let go of its 18,000 workers. Other tech companies that began to reduce their workforce in recent weeks are Meta Platforms Inc. (Meta) and Salesforce Inc. (CRM). A loss of 200,000 jobs since the beginning of 2022.


Copyright © 2022 Pro Claimers. Theme by MVP Themes, powered by The Santa Clarita Valley.