Current:Home > StocksGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Nova Finance Academy
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-13 07:52:49
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! (5)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Vanna White pays tribute to look-alike daughter Gigi Santo Pietro with birthday throwback
- Le Pen first had success in an ex-mining town. Her message there is now winning over French society
- US eliminated from Copa America with 1-0 loss to Uruguay, increasing pressure to fire Berhalter
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- CDK says all auto dealers should be back online by Thursday after outage
- Supreme Court agrees to review Texas age verification law for porn sites
- Utah State is firing football coach Blake Anderson, 2 other staffers after Title IX review
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Giuliani disbarred in NY as court finds he repeatedly lied about Trump’s 2020 election loss
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Usher acceptance speech muted in 'malfunction' at BET Awards, network apologizes: Watch video
- Rick Ross says he 'can't wait to go back' to Vancouver despite alleged attack at festival
- Bold and beautiful: James Wood’s debut latest dividend from Nationals' Juan Soto deal
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Shrinking drug coverage puts Americans in a medical (and monetary) bind
- Oklahoma police officer shot after responding to report of armed man
- Highlights from Supreme Court term: Rulings on Trump, regulation, abortion, guns and homelessness
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
USPS raising stamp prices: Last chance to lock in Forever stamp rate ahead of increase
2 children among 5 killed in small plane crash after New York baseball tournament
Darrell Christian, former AP managing editor and sports editor, dies at 75
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
The Daily Money: CDK outage draws to a close
Epic penalties drama for Ronaldo ends with Portugal beating Slovenia in a Euro 2024 shootout
Fed Chair Jerome Powell: US inflation is slowing again, though it isn’t yet time to cut rates