Current:Home > FinanceGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Prosperity Pathways
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-16 06:44:38
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! (4)
Related
- Bodycam footage shows high
- 90 Day Fiancé's Anny and Robert Expecting Baby 2 Years After Son Adriel’s Death
- What does malignant mean? And why it matters greatly when it comes to tumors and your health.
- Reggaeton icon Don Omar reveals he has cancer: 'Good intentions are well received'
- Average rate on 30
- Man accused of acting as lookout during Whitey Bulger's prison killing avoids more jail time
- House fire in Newnan, Georgia kills 6 people, including 3 children
- Supreme Court to hear Nvidia bid to scuttle shareholder lawsuit
- Military service academies see drop in reported sexual assaults after alarming surge
- Shay Mitchell on traveling with kids, what she stuffs in her bags (including this salt)
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Arkansas lawmakers advance tax-cut bills and try to stave off shutdown of hunting, fishing agency
- Los Angeles will pay $300,000 to settle a lawsuit against journalist over undercover police photos
- Sean Diddy Combs returns key to New York City following mayor's request
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Apple's WWDC showcases AI to make daily tasks easier
- Rory McIlroy breaks silence after US Open collapse: 'Probably the toughest' day of career
- Wells Fargo rolled out a new credit card you can use to pay rent. Is it a money-loser?
Recommendation
All That You Wanted to Know About She’s All That
Authorities across US grapple with rash of violence in final days of spring
When does 'House of the Dragon' Episode 2 come out? Season 2 schedule, cast, where to watch
Ariana Grande recruits Brandy, Monica for 'The Boy is Mine' remix
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Summer spectacle: Earliest solstice in 228 years coming Thursday
American man among tourists missing in Greece amid deadly heat waves
A trial date has been set for a man charged in the kidnapping, killing of a Memphis school teacher