Current:Home > MyGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -RiskWatch
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-18 09:41:48
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! (46)
Related
- The Grammy nominee you need to hear: Esperanza Spalding
- Econ Battle Zone: Disinflation Confrontation
- David Oyelowo talks MLK, Role Play, and how to impress an old crush
- 911 calls from Maui capture pleas for the stranded, the missing and those caught in the fire’s chaos
- Military service academies see drop in reported sexual assaults after alarming surge
- Endangered Whale ‘Likely to Die’ After Suspected Vessel Strike. Proposed NOAA Rules Could Prevent Future Collisions, Scientists Say
- Maine's top election official asks state supreme court to review Trump ballot eligibility decision
- Six-legged spaniel undergoes surgery to remove extra limbs and adjusts to life on four paws
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Christian McCaffrey’s go-ahead TD rallies 49ers to 24-21 playoff win over Packers
Ranking
- The Daily Money: Spending more on holiday travel?
- Social media and a new age of cults: Has the internet brought more power to manipulators?
- Zayn Malik’s Foot Appears to Get Run Over by Car During Rare Public Appearance
- Wander Franco updates: Latest on investigation into alleged relationship with 14-year-old girl
- Former longtime South Carolina congressman John Spratt dies at 82
- You Won’t Believe J.Crew’s Valentine’s Day Jewelry Deals, up to 60% off Select Styles
- Josh Hader agrees to five-year, $95 million deal with Astros, giving Houston an ace closer
- A diverse coalition owed money by Rudy Giuliani meets virtually for first bankruptcy hearing
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Does Teen Mom's Kailyn Lowry Want More Kids After Welcoming Baby No. 6 and 7? She Says...
Why TikTok's Viral Sleepy Girl Mocktail Might Actually Keep You Up at Night
The Packers visit the 49ers for record-setting 10th playoff matchup
In ‘Nickel Boys,’ striving for a new way to see
Alec Baldwin indicted on involuntary manslaughter charge again in 'Rust' shooting
The Packers visit the 49ers for record-setting 10th playoff matchup
Purrfect Valentine's Day Gifts for Your Pets To Show How Much You Woof Them