Current:Home > StocksGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Prime Money Path
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-17 12:12:49
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! (762)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Dolphins' Tyreek Hill after 215-yard game vs. Chargers: 'I feel like nobody can guard me'
- Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
- Olympic gold-medal figure skater Sarah Hughes decides against run for NY congressional seat
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- New Mexico governor issues emergency order to suspend open, concealed carry of guns in Albuquerque
- Michael Bloomberg on reviving lower Manhattan through the arts
- Historic Cairo cemetery faces destruction from new highways as Egypt’s government reshapes the city
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Protests kick off at Israeli justice minister’s home a day before major hearing on judicial overhaul
Ranking
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- UK leader Sunak chides China after report a UK Parliament staffer is a suspected Beijing spy
- NFL Week 1 highlights: Catch up on all the big moments from Sunday's action
- 11 hurt when walkway collapses during Maine open lighthouse event
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Protests kick off at Israeli justice minister’s home a day before major hearing on judicial overhaul
- What's going on with Cash App and Square? Payment services back up after reported outages
- Delta Air Lines employees work up a sweat at boot camp, learning how to deice planes
Recommendation
North Carolina justices rule for restaurants in COVID
How the extreme heat is taking a toll on Texas businesses
Jennifer Garner's Trainer Wants You to Do This in the Gym
How is NFL Sunday Ticket on YouTube TV? Football fans divided over early results
Questlove charts 50 years of SNL musical hits (and misses)
Operation to extract American researcher from one of the world’s deepest caves advances to 700m
Electric cars have a road trip problem, even for the secretary of energy
Sabotage attempts reported at polling stations in occupied Ukraine as Russia holds local elections