Google parent company Alphabet lays off 12,000 employees globally
Misty Severi
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Alphabet, the parent company of Google, is laying off 12,000 employees worldwide, roughly 6% of its workforce, the company’s CEO said Friday.
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.
MICROSOFT TO LAY OFF 10,000 EMPLOYEES AMID TECH SECTOR RETRENCHMENT
“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 roles we’re eliminating reflect the outcome of that review. They cut across Alphabet, product areas, functions, levels and regions.”
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.”
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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.