Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

2024-11-24 18:32:20 source: category:Contact

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.

More:Contact

Recommend

Prince Harry Reunites With Princess Beatrice and Princess Eugenie at King Charles III's Coronation

Save us a seat in row three. Because that's where the party was happening at King Charles III and Qu

‘A Trash Heap for Our Children’: How Norilsk, in the Russian Arctic, Became One of the Most Polluted Places on Earth

This article is part of a series produced in partnership with NBC News and Undark Magazine, a non-pr

The U.S. is threatening to ban TikTok? Good luck

TikTok is on trial as U.S. authorities consider a ban. There's just one problem: it's not only an ap