Google parent company Alphabet lays off 12,000 employees globally

CEO Sundar Pichai told employees of the terminations in private emails before confirming the news in a memo on Friday. The employees will receive at least 16 weeks of severance pay, 2022 bonuses, and six months of healthcare and immigration support for those who need it."We’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company," Pichai wrote in the memo.

The move comes after the hiring increases triggered by the COVID-19 pandemic dies down. Tech companies saw a dramatic increase in hiring during the pandemic, but Alphabet is the latest to trim its staffing. “Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote in the memo. “To match and fuel that growth, we hired for a different economic reality than the one we face today.”Microsoft is reportedly cutting 10,000 jobs, Amazon is cutting 18,000 jobs, and Facebook parent Meta is shedding 11,000 positions, according to the Associated Press.

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Google parent company Alphabet to eliminate 12,000 jobs: reportGoogle's parent company announced it will lay off 12,000 workers. Alphabet Inc. shared the news in a memo with staff letting them know the cuts are global. Gravy train comes to a hault. How's that for a micro/macro aggression? Your delusional cocoon bubble has just been popped. No participation trophy w/layoffs. Maybe circle back to campus and ask why this wasn't in the syllabus. The Biden economy at work 👎.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Google-parent Alphabet is cutting 12,000 jobs | CNN BusinessGoogle parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. Forget the job market! Work never had a future to start with and never will it have one. Work is about helping a capitalist to eliminate his competitors with the latest robots. How did Google ever get a 'parent company'. What does Alphabet do, how did it get big enough to buy Google? Distibute meth and cocaine for the Mexican cartels? So they’re laying off the FBI employees or no?
Source: CNN - 🏆 4. / 95 Read more »