Current:Home > FinanceGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -ProsperityStream Academy
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-12 17:00:18
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! (753)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- The Most Popular Celebrities on Cameo That You Should Book ASAP
- ‘Goal’ Palmer scores four in 6-0 demolition of dismal Everton
- Cold case: 1968 slaying of Florida milkman, WWII vet solved after suspect ID’d, authorities say
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- AI Profit Pro - The AI Intelligent Automated Investment System That Disrupts Traditional Investing Methods
- 'Real Housewives of Potomac' star Robyn Dixon reveals she was 'fired' from series
- 2024 NBA play-in tournament: What I'm watching, TV schedule, predictions
- 'We're reborn!' Gazans express joy at returning home to north
- Edmonton Oilers' Connor McDavid joins exclusive group with 100-assist season
Ranking
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Former All-Star, World Series champion pitcher Ken Holtzman dies
- Former Marine sentenced to 9 years in prison for firebombing California Planned Parenthood clinic
- AI Profit Pro - The AI Intelligent Automated Investment System That Disrupts Traditional Investing Methods
- Highlights from Trump’s interview with Time magazine
- The pilots union at American Airlines says it’s seeing more safety and maintenance issues
- Body found in burned car may be connected to 'bold' carjacking in Florida, officials say
- Maine is the latest to join an interstate compact to elect the president by popular vote
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Owners of a Colorado funeral home where 190 decaying bodies were found are charged with COVID fraud
Olivia Culpo Reveals All the Cosmetic Procedures She's Done on Her Face
These businesses are offering Tax Day discounts and freebies
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Abu Ghraib detainee shares emotional testimony during trial against Virginia military contractor
The Talk to sign off for good in December after 15 seasons
When rogue brokers switch people's ACA policies, tax surprises can follow