LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs.
“Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today.”The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said. He said he was “deeply sorry” for the layoffs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft to cut 46 Silicon Valley workers in layoff - Silicon Valley Business JournalOn the same day it announced plans to cut 10,000 workers overall, the software giant told California employment officials how many it planned to let go in Silicon Valley.
Source: svbizjournal - 🏆 334. / 59 Read more »
8x8 slashes staff following report of possible merger with RingCentral - Silicon Valley Business Journal8x8 is the latest Bay Area business to cut jobs. But there may be a twist to the story.
Source: svbizjournal - 🏆 334. / 59 Read more »
Here's what 49ers playoff tickets are going for right now - Silicon Valley Business JournalWhen the 49ers went on their Super Bowl run in 2020, tickets to the NFC Championship Game at Levi's Stadium peaked to their highest point ever in franchise history.
Source: svbizjournal - 🏆 334. / 59 Read more »
Here's how Microsoft CEO Satya Nadella explained cutting 10,000 jobs - Silicon Valley Business JournalHere's the memo that Microsoft Corp. CEO Satya Nadella posted to explain why the software giant is cutting 10,000 jobs.
Source: svbizjournal - 🏆 334. / 59 Read more »
Microsoft to cut 10,000 jobs by end of March - Silicon Valley Business JournalThe cuts will affect less than 5% of its workforce, hitting engineering teams in significantly larger numbers than in past layoffs.
Source: svbizjournal - 🏆 334. / 59 Read more »