Current:Home > ScamsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -MacroWatch
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-17 15:15:28
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! (28146)
Related
- What to watch: O Jolie night
- Ex-Packers returner Amari Rodgers vents about not getting Aaron Rodgers 'love' as rookie
- TikTok sues Biden administration to block new law that could lead to U.S. ban
- Severe weather threat extends from Michigan to Chicago; tornado reported near Kalamazoo
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- Brazil floods death toll nears 90 as rescue efforts continue amid skyscrapers of Porto Alegre
- Nuggets' Jamal Murray hit with $100,000 fine for throwing objects in direction of ref
- Climate Change Is Pushing Animals Closer to Humans, With Potentially Catastrophic Consequences
- Bodycam footage shows high
- WNBA to begin charter travel for all teams this season
Ranking
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Chicago Fire's Eamonn Walker Leaving After 12 Seasons
- 3 things we learned from Disney's latest earnings report
- Justice Department warns it plans to sue Iowa over new state immigration law
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Panera Bread drops caffeinated Charged Lemonade drinks after series of lawsuits
- Disney’s streaming business turns a profit in first financial report since challenge to Iger
- Jurors should have considered stand-your-ground defense in sawed-off shotgun killing, judges rule
Recommendation
Travis Hunter, the 2
Storms batter Midwest one day after tornado leaves at least 1 dead in Oklahoma
Semi-automatic gun ban nixed in Colorado’s Democratic-controlled statehouse after historic progress
Why Sarah Jessica Parker Left the 2024 Met Gala Early
Travis Hunter, the 2
Why Prince Harry Won't Meet With King Charles During Visit to the U.K.
California mom arrested after allegedly abusing 2-year-old on Delta flight from Mexico
Doja Cat Explains How Her Wet T-Shirt Look at 2024 Met Gala Was On-Theme