This is 6% of the company's staff.
The holding company Alphabet Inc., which owns Google, said that the company will lay off 12,000 of its employees, or 6% of the workforce, according to Bloomberg. The company will be another tech giant that has decided to implement large-scale staff reductions recently.
It is noted that the layoffs will affect employees worldwide and in all areas of the company's operations. CEO Sundar Pichai sent an email to employees saying he takes “full responsibility for the decisions that led to this”.
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< p>Alphabet shares rose 1.8% in premarket trading in New York on Jan. 20 after the cuts were announced. Shares are down about 30% for the year.
Meta, Twitter, and Amazon have recently laid off large-scale employees. Thanks to its sustainable search business, Google is one of the most stable employers in the tech world. But the company now faces a slowdown in digital advertising growth and its cloud computing division continues to lag behind Amazon and Microsoft.
Pichai said the laid-off employees will receive 16 weeks' pay and six months of paid severance pay. medical care in the USA. In other countries, employees will receive benefits in accordance with local legislation.
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In October, the company reported third quarter profit and revenue. Profit decreased by 27% – to 13.9 billion dollars compared to the previous year. At the time, Pichai said Google would cut costs, and Chief Financial Officer Ruth Porath announced a cut in new jobs in the fourth quarter by more than half from the previous period.
