Google has announced that it will be firing 12,000 employees in the latest update from the tech layoffs news cycle. With 187,000 people working for the search giant, according to USA Today, the job cuts represent less than 7% of the company’s workforce.
The Alphabet-owned company joins other tech giants like Microsoft and Amazon in cutting overhead operating costs as it prepares for tough economic times. Recall that Amazon had announced letting go of about 18,000 people while Microsoft laid off 10,000 of its workers.
Google had been holding on as long as possible amidst the layoffs in the tech industry that had been happening since early 2022. The American multination firm had attempted other ways to cuts costs including freezing hiring and refocusing investments, but it seems those measures were not enough.
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Employees at the tech giant had been anticipating layoffs for months as they saw many of their colleagues in other companies being sent home. Now, they no longer have to anticipate it as it is finally here.
In a letter to employees, Google and Alphabet CEO Sundar Pichai said that the layoffs will begin in the US immediately while it may take a bit longer in other countries. He blamed the layoffs on the company hiring too quickly during the pandemic to match its growth at the time, which has since returned to the pre-COVID era.
“We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting. We’ll pay 2022 bonuses and remaining vacation time. We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected,” he said about affected workers in the US.
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