Current:Home > InvestGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -ValueCore
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-17 17:04:05
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! (8259)
Related
- Trump issues order to ban transgender troops from serving openly in the military
- Prosecutors plan to charge former Kansas police chief over his conduct following newspaper raid
- Sara Hughes, Kelly Cheng keep beach volleyball medal hopes alive in three-set thriller
- Watch Jordan Chiles' reaction when found out she won Olympic bronze medal in floor
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- For Canada, anything short of men's basketball medal will a disappointment
- The Ultimate Guide to the Best Tatcha Skincare Products: Which Ones Are Worth Your Money?
- The Bachelorette’s Andi Dorfman Is Pregnant, Expecting First Baby With Husband Blaine Hart
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- PHOTO COLLECTION: AP Top Photos of the Day Monday Aug. 5, 2024
Ranking
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- South Dakota Supreme Court reverses judge’s dismissal of lawsuit against abortion rights initiative
- 'House of the Dragon' Season 2 finale: Date, time, cast, where to watch and stream
- Extreme Heat Is Making Schools Hotter—and Learning Harder
- The company planning a successor to Concorde makes its first supersonic test
- Hurricane Debby to bring heavy rains and catastropic flooding to Florida, Georgia and S. Carolina
- Scottie Scheffler won't be viewed as an Olympic hero, but his was a heroic performance
- Former NBA player Chase Budinger's Olympic volleyball dream ends. What about LA '28 at 40?
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Joe Rogan ribs COVID-19 vaccines, LGBTQ community in Netflix special 'Burn the Boats'
Preseason college football coaches poll: Who are the most overrated teams?
Belgian triathlete gets sick after competing in Seine river
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Novak Djokovic beats Carlos Alcaraz to win his first Olympic gold medal
The internet's latest craze? Meet 'duck mom.'
'It's me being me': Behind the scenes with Snoop Dogg at the Paris Olympics