"Over the past two years we've seen periods of dramatic growth," CEO Sundar Pichai wrote. "To match and fuel that growth, we hired for a different economic ...
"Over the past two years we've seen periods of dramatic growth," Pichai wrote. He said the layoffs reflect a "rigorous review" carried out by Google of its operations. "To match and fuel that growth, we hired for a different economic reality than the one we face today."
Google's parent Alphabet Inc is eliminating about 12000 jobs, or 6% of its workforce, it said Friday, as Silicon Valley reels from recent layoffs and faces ...
The company faces competitive and regulatory threats as well, she said. Among those facing cuts included recruiters, corporate staff, engineering and product teams, he said. company, which has long been the leader in key areas of AI research. Register for free to Reuters and know the full story Alphabet's layoffs followed a review of its people and priorities, leading to layoffs across geographies, he said. Still, he said, Google was gearing up "to share some entirely new experiences for users, developers and businesses," and the company has "a substantial opportunity in front of us with AI across our products."
The layoffs amount to about 6 percent of the global work force at the company, the latest tech giant to make cuts after a pandemic hiring spree.
[bracing for cuts ](https://www.nytimes.com/2022/12/28/technology/google-job-cuts.html)as their peers at other large tech firms announced job losses. The company’s cloud computing business has continued to trail Amazon and Microsoft. But the technology sector has not been immune from rising interest rates and a slumping global economy. It comes at a time when Google is facing competition from rivals offering new ways to search for information on the internet. In a note titled “A difficult decision to set us up for the future,” Mr. “These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities,” Mr. As the advertising industry struggles and companies purchase fewer ads on Google’s search engine or YouTube, Alphabet’s bottom line took a hit. Google, started in 1998, helped define a Silicon Valley work culture that influenced corporations far beyond the technology sector. Pichai said in a note to employees posted on the company’s Sundar Pichai, Alphabet’s chief executive, said the company expanded too rapidly during the pandemic, when demand for digital services boomed, and now must refocus on products and technology core to the company’s future, Amazon, Meta, Microsoft, Salesforce and Twitter are among others who have announced thousands of job cuts. [will conduct an audit of its U.S.
At least 18 U.S. companies have conducted major rounds of job cuts so far this month, as recession fears continue in 2023.
The biggest came from Facebook and Instagram parent company [Meta](https://about.fb.com/news/2022/11/mark-zuckerberg-layoff-message-to-employees/), which laid off roughly 11,000 employees in November. [75%](https://techcrunch.com/2022/10/26/now-elon-musk-says-he-wont-fire-75-of-twitters-staff/) of the social media platform’s 7,500 employees, although he denied that report, saying the number was inaccurate. The company started laying off employees in November, which reportedly affected [50%](https://www.ft.com/content/9164ab3f-39b7-45a4-ac25-8bf5a1c7f7df) of its staff. announced plans to lay off 25% of its workforce (950 employees) in a company [125,000 Laid Off In Major Cuts As Recession Fears Spiked, According To Forbes Tracker](https://www.forbes.com/sites/brianbushard/2022/12/24/125000-laid-off-in-major-cuts-as-recession-fears-spiked-according-to-forbes-tracker/?sh=3200e8cce0cb) (Forbes) [Goldman Sachs Will Reportedly Cut More Than 3,000 Jobs—As Major Layoffs Continue Into 2023](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=3c20e2a05c6e) (Forbes) [46,000 Laid Off In November Alone As Job Cuts Grow](https://www.forbes.com/sites/brianbushard/2022/12/01/46000-laid-off-in-november-alone-as-job-cuts-grow/?sh=3b50e77948d4) (Forbes) The company with the most rounds of cuts was [Peloton](https://www.forbes.com/sites/jackkelly/2022/02/08/peloton-ceo-is-out-and-2800-employees-are-laid-off-but-offered-free-peloton-memberships/?sh=34bc2afd56cd), which underwent four separate rounds of layoffs, including one that affected more than 2,800 workers. [internal memo](https://newsroom.stitchfix.com/blog/update/), after [laying off](https://newsroom.stitchfix.com/blog/a-message-from-our-ceo/) another 15% of its staff last June. [ blog post](https://www.coinbase.com/blog/a-message-from-ceo-and-co-founder-brian-armstrong-to-coinbase-employees) in order to “weather downturns in the crypto market,” after it [ laid off](https://www.cnbc.com/2022/06/14/coinbase-lays-off-18percent-as-execs-prepare-for-recession-crypto-winter.html) another 18% of its staff last June. [CNBC](https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html), as the company struggles with an increase in the cost to “secure and distribute programming,” and after the company lost nearly 3% of its subscribers (400,000) in the third quarter of 2022, [according to](https://www.leichtmanresearch.com/major-pay-tv-providers-lost-about-785000-subscribers-in-3q-2022/) the Leichtman Research Group. [announced](https://crypto.com/company-news/company-update/) the company, which had more than 2,500 employees as of October, according to PitchBook, will cut 20% of its staff in a message to employees, as the company faces “ongoing economic headwinds and unforeseeable industry events—including the collapse of Sam Bankman-Fried’s cryptocurrency exchange FTX late last year, which “significantly damaged trust in the industry.” [cuts](https://blogs.microsoft.com/blog/2023/01/18/subject-focusing-on-our-short-and-long-term-opportunity/), which affect 10,000 employees (less than 5% of its workforce), come three months after the Washington-based company conducted another [round of layoffs](https://www.forbes.com/sites/brianbushard/2023/01/04/amazon-reportedly-cutting-17000-jobs-as-major-layoffs-continue-into-2023/?sh=6bc19f365c6e) affecting less than 1% of its roughly 180,000 employees, with CEO Satya Nadella saying in a message to employees that some workers will be notified starting Wednesday, and the layoffs will be conducted by the end of the third fiscal quarter in September. [filing](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001409970/1392acbf-b892-4549-95ac-da9179c274f7.pdf), amid a “challenging economic environment,” as the San Francisco-based company attempts to “align its operations to reduced marketplace revenue” following seven rounds of Federal Reserve [interest rate hikes](https://www.forbes.com/sites/jonathanponciano/2023/01/04/fed-expects-no-interest-rate-cuts-in-2023-one-official-warns-of-costly-error-if-central-bank-backs-down-too-soon/?sh=5841274f24ae) last year and as concerns persist of a potential recession.
Sundar Pichai, CEO of Google and Alphabet, said on Friday that the company plans to reduce its workforce by approximately 12000 positions.
And Facebook parent Meta [announced 11,000 job cuts](https://www.usatoday.com/story/tech/2022/11/09/meta-layoffs-facebook-parent/8313462001/), or 13% of its workforce, in November. In the U.S., employees who are laid off will be paid for the notification period (60 days), 2022 bonuses and remaining vacation time. [announced 10,000 job cuts](https://www.usatoday.com/story/money/2023/01/18/microsoft-layoffs-10000-employees-stock/11074235002/), or nearly 5% of its workforce. Earlier this week, Amazon began laying off thousands of employees. [Microsoft to lay off 10,000 employees starting Wednesday; roughly 5% of workforce affected](https://www.usatoday.com/story/money/2023/01/18/microsoft-layoffs-10000-employees-stock/11074235002/) 4, Amazon CEO Andy Jassy The jobs being eliminated will be "cut across Alphabet, product areas, functions, levels and regions," he said. [Amazon begins next round of layoffs, as tech giant cuts total of more than 18,000 jobs](https://www.usatoday.com/story/money/2023/01/18/amazon-layoffs-18000-employees/11076820002/) "Over the past two years we’ve seen periods of dramatic growth. "This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that," Pichai wrote. [joining other tech giants](https://www.usatoday.com/story/money/2023/01/18/amazon-layoffs-18000-employees/11076820002/) who are downsizing staff by the thousands.
Google is the latest tech company to slash jobs after rapid expansion during the pandemic.
Amazon announced in early January it would cut [18,000 jobs](https://www.axios.com/2023/01/05/amazon-layoffs-18000-jobs) and Salesforce said it plans to layoff [10% of its staff](https://www.cnn.com/2023/01/04/tech/salesforce-layoffs/index.html). [Microsoft](https://www.axios.com/2023/01/18/microsoft-layoffs-nadella) said earlier this week it plans to layoff close to 10,000 workers. The threat of layoffs and instability have only lessened the appeal of these tech jobs, which once seemed [immune to the broader economy.](https://www.axios.com/2023/01/06/layoffs-techs-new-normal-amazon-salesforce) - “Over the past two years we’ve seen periods of dramatic growth," Pichai wrote on the Google blog. The process for international employees "will take longer due to local laws and practices," he said. employees who will be affected by the layoffs.
Google says it's laying off 12000 workers, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 ...
The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said. Yet the tech sector grew exceptionally fast over the last several years due to increased demand as employees began to work remotely. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. Cryptocurrency trading platform Coinbase cut 20% of its workforce, about 950 jobs, in its second round of layoffs in less than a year. has been resilient despite signs of a slowing economy, and there were another 223,000 jobs added in December. Just this month, there have been at least 48,000 job cuts announced by major companies in the sector.
"Over the past two years we've seen periods of dramatic growth," CEO Sundar Pichai wrote. "To match and fuel that growth, we hired for a different economic ...
[Microsoft announced sweeping layoffs Thursday](https://www.npr.org/2023/01/18/1149739148/microsoft-slashes-10-000-jobs-the-latest-in-a-wave-of-layoffs) and is cutting 10,000 jobs, or about 5% of its workforce. "Over the past two years we've seen periods of dramatic growth. [biggest cuts](https://www.npr.org/2023/01/10/1148188880/wall-street-goldman-sachs-layoffs-investment-banking-recession-inflation) since the 2008 financial crisis. [serious cuts amid an uncertain economy](https://www.npr.org/2023/01/03/1146169159/january-is-often-a-big-month-for-layoffs-heres-what-to-do-in-a-worst-case-scenar). Layoffs will take longer in other countries due to local laws, Pichai said. Amazon and Salesforce [announced ](https://www.npr.org/2023/01/04/1147034858/amazon-ceo-says-company-will-layoff-more-than-18-000-workers)layoffs earlier this month.
Google is laying off 12000 workers, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ...
[Microsoft announced 10,000 job cuts,](https://apnews.com/article/microsoft-job-cuts-18fe0c9b8c9ff856e932e075161b1f43) or nearly 5% of its workforce. That knowledge will be transferred and will actually work to everyone’s benefit.” Cryptocurrency trading platform Coinbase cut 20% of its workforce, about 950 jobs, in its second round of layoffs in less than a year. Last fall [Facebook parent Meta announced](https://apnews.com/article/facebook-meta-layoffs-283a6e1c1a2e02a439d177a7acdf4296) it would shed 11,000 positions, or 13% of its workers. “They’re coming with high credentials from these big firms. He called out the company's investments in artificial intelligence as an area of opportunity. - Updated [Amazon said this month it is cutting 18,000 jobs](https://apnews.com/article/business-san-francisco-marc-benioff-bbb2f3a09eafdfc7cda54a3b87e538ad), although that's a fraction of its 1.5 million strong workforce, while business software maker Salesforce is laying off about 8,000 employees, or 10% of the total. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said. U.K.-based cybersecurity firm Sophos laid off 450 employees, or 10% of its global workforce. Just this month, there have been at least 48,000 job cuts announced by major companies in the sector.
"Over the past two years we've seen periods of dramatic growth," CEO Sundar Pichai wrote. "To match and fuel that growth, we hired for a different economic ...
[Microsoft announced sweeping layoffs Thursday](https://www.npr.org/2023/01/18/1149739148/microsoft-slashes-10-000-jobs-the-latest-in-a-wave-of-layoffs) and is cutting 10,000 jobs, or about 5% of its workforce. "Over the past two years we've seen periods of dramatic growth. [biggest cuts](https://www.npr.org/2023/01/10/1148188880/wall-street-goldman-sachs-layoffs-investment-banking-recession-inflation) since the 2008 financial crisis. [serious cuts amid an uncertain economy](https://www.npr.org/2023/01/03/1146169159/january-is-often-a-big-month-for-layoffs-heres-what-to-do-in-a-worst-case-scenar). Layoffs will take longer in other countries due to local laws, Pichai said. Amazon and Salesforce [announced ](https://www.npr.org/2023/01/04/1147034858/amazon-ceo-says-company-will-layoff-more-than-18-000-workers)layoffs earlier this month.
The 12,000 job cuts are about 6% of Google's nearly 187,000-person worldwide workforce. Austin is one of Google's largest hubs, and the company told the ...
And Facebook parent Meta [announced 11,000 job cuts](https://www.usatoday.com/story/tech/2022/11/09/meta-layoffs-facebook-parent/8313462001/), or 13% of its workforce, in November. Google's layoffs are the latest in a string of job cuts by major technology companies. The company said it would offer six months of health insurance, job placement help and a severance package starting at 16 weeks salary, plus two weeks for each year at Google. That knowledge will be transferred and will actually work to everyone’s benefit.” The affected positions were spread throughout the company and spanned across a variety of regions, functions, levels and product focus areas, the blog post said. This week, Amazon began laying off thousands of employees. 4, Amazon CEO Andy Jassy "Being constrained in some areas allows us to bet big on others." "Over the past two years, we’ve seen periods of dramatic growth. It was not immediately clear Friday how many of the company's Central Texas employees will be affected. Impacted Austin employees may have already been notified. At the time, Google
Google founders Sergey Brin and Larry Page have been summoned back to help fend off the ChatGPT threat. Chris Hondros/Getty Images.
[Tech layoffs in 2023 are already one-third of last year’s number and it’s only January](https://fortune.com/2023/01/20/tech-layoffs-2023-near-2020-totals-google-microsoft-amazon/), by Chris Morris [Mark Cuban says success with generative A.I. For further evidence, look at the New York Times’ report Friday that [Alphabet executives called in founders](https://www.nytimes.com/2023/01/20/technology/google-chatgpt-artificial-intelligence.html) Larry Page and Sergey Brin, who aren’t a regular presence at the company, to review A.I. This year’s State of the Game Industry report, a widely respected annual survey of 2,300 game developers, found minimal excitement about companies devoting billions of dollars to building metaverse and blockchain-related technology. Interestingly, those who had any amount of optimism about the metaverse were more likely to say Epic Games—not Meta—is best positioned to pioneer the space. The lending arm of billionaire Barry Silbert’s Digital Currency Group said in bankruptcy filings that it owes at least $3.4 billion to more than 100,000 creditors. As it stands, Netflix is focused more on evolution than revolution, looking to squeeze more out of its core streaming business (a venture into mobile gaming is underway, though early results are mixed at best). Both shifts have Netflix well-positioned to generate short-term revenue bumps and emerge from the streaming wars on solid footing. [Microsoft](https://fortune.com/company/microsoft/) generates copious buzz about integrating preferred partner OpenAI’s captivating machine-learning technology into its products. We have a substantial opportunity in front of us with AI across our products and are prepared to approach it boldly and responsibly.” Early in the memo, Pichai says he’s “confident about the huge opportunity in front of us,” specifically mentioning “our early investments in AI.” Later, Pichai teases the imminent arrival of A.I.-related leaps across its suite of services. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. The CEO takes responsibility for the misread.
Area 120, Google's division for experimental projects that sometimes graduate to become core Google services, has largely been shuttered.
A day before announcing it will lay off 12000 employees, Google said it would pause any new filing of PERM, a key step in obtaining an employer-sponsored ...
And there is a good chance a PERM application will be denied, said Michael Nowlan, an immigration lawyer in Detroit. workers who want the job and therefore it needs to hire a foreign national. using a visa called H-1B, an employer-sponsored visa that allows a foreign national to work in the U.S. citizens instead of taking steps to retain a foreign worker. PERM is the first step in a green card application. notifying them the company will pause any new filings of PERM, or Program Electronic Review Management, a key step in obtaining an employer-sponsored green card.
With Connecticut emerging mostly unscathed from the Internet-bubble recession in 2001, how insulated is the state economy as layoffs ramp up at big tech ...
While Amazon is among Connecticut's largest employers, those jobs are confined to fulfillment centers and Whole Foods Market locations whose success is pegged to consumer spending. [Amazon](https://www.ctinsider.com/business/article/Report-Amazon-to-layoff-10-000-CT-Impact-unkown-17583538.php), Apple, Google, Meta and Microsoft, the "Big Five" that dominate the tech sector. [including in Connecticut](https://www.ctinsider.com/business/article/CT-employers-jobs-hiring-layoff-Hartford-17655908.php).
Employees have rallied to find out who's been laid off while demanding answers from leadership.
Some employees came together on their own, organizing ad hoc groups to try and get answers. Employees have flooded Dory, the company's question-asking platform, and set up virtual communities to figure out who's been laid off and why. “What metrics were used to determine who was laid off?” another top-rated question read. The scramble highlights the challenges Google could face in maintaining a supportive and productive company culture for its restive workforce of more than 160,000 full-time employees. There will be “bumps in the road” as the organization moves forward with the layoffs, Raghavan noted. Some of the laid-off employees had been long-tenured or recently promoted, raising questions about the criteria used to decide whose jobs were cut.