Current:Home > ContactGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Thrive Financial Network
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-18 04:23:54
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! (72998)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Revisiting Lane Kiffin's infamous tarmac firing by USC at an airport, 10 years later
- Slovakia election pits a pro-Russia former prime minister against a liberal pro-West newcomer
- Travis Kelce Reacts After Mark Cuban Tells Taylor Swift to Break Up With the NFL Star
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Dolphins, Eagles or 49ers: Who will be last undefeated NFL team standing?
- Trailblazing Sen. Dianne Feinstein Dead at 90
- The Powerball jackpot has reached $925 million. Here are the top 10 jackpots in Powerball history
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- From locker-room outcast to leader: How Odell Beckham Jr. became key voice for Ravens
Ranking
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- 9 years after mine spill in northern Mexico, new report gives locals hope for long-awaited cleanup
- A Spanish court rejects appeal to reopen the investigation into tycoon John McAfee’s jail cell death
- Police in Portland, Oregon, are investigating nearly a dozen fentanyl overdoses involving children
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Dunkin' announces new bracelet collaboration for National Coffee Day
- After pharmacists walk out, CVS vows to improve working conditions
- 3 arrested, including 2 minors, after ghost guns found in New York City day care
Recommendation
Travis Hunter, the 2
Inaugural People's Choice Country Awards hosted by Little Big Town: How to watch, who's nominated?
Things to know about the Klamath River dam removal project, the largest in US history
Ryder Cup 2023 format explained: What you need to know about rules and scoring
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Seattle police officer heard joking about woman's death reassigned to 'non-operational position'
9 years after mine spill in northern Mexico, new report gives locals hope for long-awaited cleanup
Hawaii Army base under lockdown after man flees with handgun; no shots fired