Current:Home > reviewsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -NextGenWealth
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-12 02:33:32
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! (6947)
Related
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Ohtani to speak to media for 1st time since illegal gambling, theft allegations against interpreter
- Rough game might be best thing for Caitlin Clark, Iowa's March Madness title aspirations
- Oath Keeper’s son emerges from traumatic childhood to tell his own story in long shot election bid
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Book excerpt: Age of Revolutions by Fareed Zakaria
- Mountain lion kills 1, injures another in California
- Women's March Madness winners and losers: Dominika Paurova, Audi Crooks party on
- South Korean president's party divided over defiant martial law speech
- Led by Caleb Love, Arizona is doing all the right things to make Final Four return
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- March Madness picks: Our Saturday bracket predictions for 2024 NCAA women's tournament
- Stock symbols you'll LUV. Clever tickers help companies attract investors.
- Mountain lion kills 1, injures another in California
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- These 12 Amazon Deals Are All 60% Off (Or More): $20 Adidas Pants, $10 Maidenform Bras, And More
- When does UFL start? 2024 season of merged USFL and XFL kicks off March 30
- When does UFL start? 2024 season of merged USFL and XFL kicks off March 30
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Why Erin Andrews Wants Taylor Swift and Travis Kelce to Get Married So Bad
How the Kate Middleton Story Flew So Spectacularly Off the Rails
Lewis Morgan hat trick fuels New York Red Bulls to 4-0 win over Inter Miami without Messi
Meet first time Grammy nominee Charley Crockett
Adam Sandler has the script for 'Happy Gilmore' sequel, actor Christopher McDonald says
As Russia mourns concert hall attack, some families are wondering if their loved ones are alive
Deadly attack on Moscow concert hall shakes Russian capital and sows doubts about security