Google to layoff 12,000 employees
Search engine Google has joined the huge layoff club. After Twitter and Meta now Google is having huge layoffs.
Alphabet, the parent company of Google, stated that it would be eliminating approximately 12,000 positions, or approximately 6% of its global workforce. CEO Sundar Pichai acknowledged that it was a "difficult decision to set us up for the future" and expressed his "deeply sorry" to employees who will be fired. Pichai stated that he takes "full responsibility for the decisions that led us here," and the layoffs will be felt globally and throughout the entire business.
Google to layoff 12,000 employees
During a time of "dramatic growth," Alphabet hired a lot of people, but Pichai said, "We hired for a different economic reality than the one we face today." Due to the current state of the economy, a number of companies, including Microsoft, Amazon, Meta, and others, have also made significant and agonizing job cuts.
Pichai stated that employees would be compensated for the full 60-day notification period. Additionally, "and accelerate at least 16 weeks of GSU vesting," Alphabet will offer severance packages that begin at 16 weeks' salary and increase by two weeks for each additional year at Google. In addition, it will provide "immigration support for those affected," six months of healthcare, job placement services, and bonuses in 2022.
