 |
| Google joins the ranks by announcing tens of thousands of layoffs |
Today, Friday, Google laid off nearly 12,000 employees, becoming the latest tech company to announce mass layoffs amid soaring inflation and a global market crash.
Sundar Pichai, CEO of Google, announced the layoffs today in an email to the company's employees and in a post on the company's blog, expressing his sadness over the decision, saying, "The next steps have been outlined."
Google layoffs accounted for about 6% of its global workforce, while Microsoft announced the day before yesterday that it would lay off 10,000 employees, or 5% of its global workforce, and Amazon previously announced that it would lay off 18,000% of its global workforce. 5% of the total workforce 6%. Meta will lay off 11,000 workers, or 13% of its workforce.
Earlier this month, Alphabet, Google's parent company, announced the layoffs of 200 people, representing 15% of the healthcare provider's staff (Verily), and layoffs of 40 people, representing 17% of the company's staff (Instrinsic). We specialize in developing software and industrial robots.
In a company post, Pichai said the layoffs mark a turning point in the company's efforts to sharpen its focus, reassess its cost base, and focus talent and capital on its highest priorities. The CEO said that artificial intelligence will be the main focus of the company in the coming days.
When announcing quarterly profits for the third quarter of 2022 last October, Google announced that it had achieved $13.9 billion from $69 billion in revenue, as revenue increased by $65.1 billion in the same period compared to the same period in 2021, but profits declined by $18.9. Billion.
Over the past year, Pichai noted, the company is likely to hire fewer, noting that Google employees need to work with more urgency, focus, and diligence than they did at the height of its success.