Google parent Alphabet slashing 12,000 jobs - Dallas Business Journal

Google parent Alphabet Inc. on Friday said it will cut about 12,000 jobs in a 6% workforce reduction that is the latest in a wave of layoffs in the technology sector.said the move will come in all of the Mountain View-based company's units and geographies. But some areas will be more heavily impacted, including recruiting and projects outside of the company’s core businesses.

The Alphabet layoffs follow Microsoft's announcement this week that it will cut 10,000, Facebook parent Meta Platforms Inc.'s 11,000-job cut in November and Amazon.com's decision earlier this month to end 18,000 jobs. Before these cuts at Alphabet, tech employers had cut a total of nearly 195,000 jobs in 2022 and 2023, according to Layoffs.fyi.Sundar Pichai

Alphabet is offerings its U.S.-based employees two months notice, 16 weeks of severance pay with two additional weeks for each year an affected worker has been with the company. It said it will follow local processes and laws in other countries.

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.

Google parent Alphabet axes 12,000 jobs as layoffs mount in tech industry | amNewYorkGoogle 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.
Source: amNewYork - 🏆 336. / 59 Read more »

U.S. stocks open modestly higher with Nasdaq jumping on Alphabet, Netflix boostU.S. stock indexes opened higher on Friday with the technology sector rallying after shares of Google parent Alphabet Inc. and Netflix Inc. jumped ahead of...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves midday: Netflix, Coinbase, Alphabet, SVB Financial & moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »