Current:Home > MyGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Ascend Finance Compass
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
EchoSense Quantitative Think Tank Center View
Date:2025-04-07 11:54:13
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! (397)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- Watch interviews with the 2024 Tony nominees
- Hiker in California paralyzed from spider bite, rescued after last-minute phone call
- Lionel Messi's breakthrough assist caps Argentina's win vs. Canada in Copa America opener
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Nelly and Ashanti secretly married 6 months ago
- $1.3 million settlement awarded in suit over South Carolina crash that killed bride, injured groom
- Travis Kelce, Jason Kelce and Kylie Kelce Are a Winning Team in France During Cannes Outing
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Oklahoma City will host 2026 Olympics softball, canoe
Ranking
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Woman ID'd 21 years after body, jewelry found by Florida landscapers; search underway for killer
- 580,000 JoyJolt glass coffee mugs recalled over burn and cut risks
- Ex-CEO of Nevada-based health care company Ontrak convicted of $12.5 million insider trading scheme
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Canada says it’s ‘deeply disturbed’ after Bombito gets targeted on social media with racist messages
- Horoscopes Today, June 20, 2024
- Chef Gordon Ramsay says he wouldn't be here without his helmet after cycling accident left him badly bruised
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Hiker in California paralyzed from spider bite, rescued after last-minute phone call
IOC approves Oklahoma City to host Olympic softball, canoe slalom during the 2028 Los Angeles Games
Actor Ian McKellen hospitalized after falling off stage in London
Intellectuals vs. The Internet
TikTok asks for ban to be overturned, calling it a radical departure that harms free speech
Lana Del Rey Fenway Park concert delayed 2 hours, fans evacuated
Ex-Florida law enforcement official says he was forced to resign for defying illegal DeSantis orders