After Amazon, Microsoft and Meta made massive layoffs, Google is following suit and plans to lay off around 6% of its global workforce. This represents approximately 12,000 people.

By comparison, Amazon’s latest round of layoffs cut 18,000 jobs (6%), Microsoft’s cut was 10,000 jobs (5%), while Meta had to lay off 11,000 people (13%). . So Google’s layoff isn’t disproportionately larger, but it still puts a lot of people on the verge of being out of a job. Everyone in the tech industry — and beyond — is bracing for the economic downturn and looking for a way to cut costs. Naturally, the loss of jobs is one of the levers that companies can activate.

Google CEO Sundar Pichai said in an official statement that Google’s remaining staff should be more focused than ever and work with a sense of great urgency. He then added that Google would put more effort into developing its AI-related services to compete with competing companies working on similar projects.

Google’s revenue this year hit $69 billion, but actual profits fell to $13.9 billion. And with global economies set to face serious challenges in 2023, Google is trying to act before things get worse.

Via

After Amazon, Microsoft and Meta made massive layoffs, Google is following suit and plans to lay off around 6% of its global workforce. This represents approximately 12,000 people.

By comparison, Amazon’s latest round of layoffs cut 18,000 jobs (6%), Microsoft’s cut was 10,000 jobs (5%), while Meta had to lay off 11,000 people (13%). . So Google’s layoff isn’t disproportionately larger, but it still puts a lot of people on the verge of being out of a job. Everyone in the tech industry — and beyond — is bracing for the economic downturn and looking for a way to cut costs. Naturally, the loss of jobs is one of the levers that companies can activate.

Google CEO Sundar Pichai said in an official statement that Google’s remaining staff should be more focused than ever and work with a sense of great urgency. He then added that Google would put more effort into developing its AI-related services to compete with competing companies working on similar projects.

Google’s revenue this year hit $69 billion, but actual profits fell to $13.9 billion. And with global economies set to face serious challenges in 2023, Google is trying to act before things get worse.

Via