Current:Home > FinanceGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Financium
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
Indexbit View
Date:2025-04-07 19:20:58
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! (4852)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Video shows alligator's 'death roll' amid struggle with officers on North Carolina highway
- How Taylor Swift Inspired Charlie Puth to Be a Bigger Artist IRL
- U.S. troops will complete their withdrawal from Niger by mid-September, the Pentagon says
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- The Skinny Confidential Just Launched A Mini Version Of Its Cult-Fave Ice Roller, & We're Obsessed
- ICC prosecutor applies for arrest warrants for Israeli Prime Minister Benjamin Netanyahu and Hamas leaders
- This pageant queen was abandoned as a baby. Now, she’s reunited with her birth mother.
- The Grammy nominee you need to hear: Esperanza Spalding
- Elvis' Graceland faces foreclosure auction; granddaughter Riley Keough sues to block sale
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- How Taylor Swift Inspired Charlie Puth to Be a Bigger Artist IRL
- Arizona grad student accused of killing professor in 2022 had planned the crime, prosecutor says
- Jennifer Garner and Ben Affleck's daughter Violet graduates: See the emotional reaction
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Former New Hampshire youth center leader defends tenure after damning trial testimony
- Report says home affordability in Hawaii is ‘as bad as it’s ever been’
- Trump-backed legislator, county sheriff face off for McCarthy’s vacant US House seat in California
Recommendation
Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
Election deniers moving closer to GOP mainstream, report shows, as Trump allies fill Congress
Connecticut’s top public defender could be fired as panel mulls punishment for alleged misconduct
Bella Hadid returns to Cannes in sultry sheer Saint Laurent dress
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
They couldn't move their hands for years. A new device offers the promise of mobility.
3 cranes topple after Illinois building collapse, injuring 3 workers
Solo climber found dead after fall from Denali, highest mountain peak in North America