Current:Home > ScamsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -InfinityFinance
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-14 16:48:47
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! (3)
Related
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Pennsylvania’s Democratic governor, a rising political star, crosses partisan school choice divide
- $1.4 billion jackpot up for grabs in Saturday's Powerball drawing
- Eligible electric and plug-in vehicle buyers will get US tax credits immediately in 2024
- Rylee Arnold Shares a Long
- Republicans consider killing motion-to-vacate rule that Gaetz used to oust McCarthy
- U.S. rape suspect Nicholas Alahverdian, who allegedly faked his death, set to be extradited from U.K.
- AP Week in Pictures: Europe and Africa | Sept. 29-Oct. 5, 2023
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- William Friedkin's stodgy 'Caine Mutiny' adaptation lacks the urgency of the original
Ranking
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Milton from 'Love is Blind' says Uche's claims about Lydia 'had no weight on my relationship'
- See How Travis Kelce's Mom Is Tackling Questions About His and Taylor Swift's Relationship Status
- Turkish warplanes hit Kurdish militia targets in north Syria after US downs Turkish armed drone
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Changes coming after Arlington National Cemetery suspends use of horses due to health concerns
- Security questions swirl at the Wisconsin Capitol after armed man sought governor twice in one day
- How to make sense of the country's stunningly strong job market
Recommendation
New data highlights 'achievement gap' for students in the US
DJ Moore might be 'pissed' after huge night, but Chicago Bears couldn't be much happier
Michigan judge to decide whether to drop charges against 2 accused in false elector scheme
An American tourist is arrested for smashing ancient Roman statues at a museum in Israel
Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
Fire sweeps through a 6-story residential building in Mumbai, killing 6 and injuring dozens
TikToker Alix Earle Shares How She Overcame Eating Disorder Battle
Will Mauricio Umansky Watch Kyle Richards Marriage Troubles Play Out on RHOBH? He Says...