Current:Home > reviewsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -InvestLearn
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-23 09:18:24
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! (52)
Related
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- 'Cowboy Carter' collaborators Shaboozey, Post Malone win People's Choice Country Awards
- Best Kitten Heels for Giving Your Style a Little Lift, Shop the Trend With Picks From Amazon, DSW & More
- AP Week in Pictures: Global
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Travis Kelce's Ultimate Weakness Revealed—By His Mom Donna Kelce
- Texas official indicted, accused of making fake social media posts during election
- Horoscopes Today, September 26, 2024
- The Daily Money: Spending more on holiday travel?
- Texas official indicted, accused of making fake social media posts during election
Ranking
- Travis Hunter, the 2
- Sophistication of AI-backed operation targeting senator points to future of deepfake schemes
- Cardi B says she regrets marrying Offset: 'Always been too good for you'
- Son accused of killing father, stepmother, stepbrother will be extradited
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Richmond Fed president urges caution on interest rate cuts because inflation isn’t defeated
- Malik Nabers injury update: Giants rookie WR exits loss vs. Cowboys with concussion
- How Messi's Inter Miami qualified for the 2025 Concacaf Champions Cup
Recommendation
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Lana Del Rey Marries Alligator Guide Jeremy Dufrene in Louisiana Swamp Wedding Ceremony
Brett Favre Parkinson's diagnosis potentially due to head trauma, concussions
Kaitlyn Bristowe Addresses Run-In With Ex Jason Tartick on 2024 People’s Choice Country Awards Red Carpet
Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
The Daily Money: How much house can I afford?
Halsey shares she was recently hospitalized for a seizure: 'Very scary'
Helene makes landfall in northwestern Florida as a Category 4 hurricane