Current:Home > MyGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -CapitalEdge
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-14 04:54:35
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! (48288)
Related
- Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
- Third set of remains found with gunshot wound in search for 1921 Tulsa Race Massacre graves
- Vanderpump Rules' Scheana Shay Slams Rude Candace Cameron Bure After Dismissive Meeting
- Rejuvenated Steelers QB Russell Wilson still faces challenges on path to redemption
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- UAW leader says Trump would send the labor movement into reverse if he’s elected again
- Olympic medals today: What is the medal count at 2024 Paris Games on August 3?
- What to watch: Workin' on our Night moves
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- NFL Star Josh Allen Makes Rare Comment About Relationship With Hailee Steinfeld
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Iran says a short-range projectile killed Hamas’ Haniyeh and reiterates vows of retaliation
- Sha’Carri Richardson overcomes sluggish start to make 100-meter final at Paris Olympics
- Ticketmaster posts additional Eras Tour show in Toronto, quickly takes it down
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- EEOC hits budget crunch and plans to furlough employees
- Intel shares slump 26% as turnaround struggle deepens
- Sept. 11 families group leader cheers restoration of death penalty option in 9-11 prosecutions
Recommendation
B.A. Parker is learning the banjo
More US schools are taking breaks for meditation. Teachers say it helps students’ mental health
Caeleb Dressel isn't the same swimmer he was in Tokyo but has embraced a new perspective
Freddie Prinze Jr. Reveals Secret About She's All That You Have to See to Believe
DoorDash steps up driver ID checks after traffic safety complaints
Cameron McEvoy is the world's fastest swimmer, wins 50 free
When does Noah Lyles race? Olympic 100 race schedule, results Saturday
Ohio is expected to launch recreational marijuana sales next week