Current:Home > ScamsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Keystone Capital Education
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-11 21:44:18
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! (226)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Five Things To Know About Fracking in Pennsylvania. Are Voters Listening?
- A Plea to Make Widespread Environmental Damage an International Crime Takes Center Stage at The Hague
- Here's what the latest inflation report means for your money
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Prince William’s Adorable Photos With His Kids May Take the Crown This Father’s Day
- Inside Clean Energy: With a Pen Stroke, New Law Launches Virginia Into Landmark Clean Energy Transition
- Warming Trends: Couples Disconnected in Their Climate Concerns Can Learn About Global Warming Over 200 Years or in 18 Holes
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Prince William’s Adorable Photos With His Kids May Take the Crown This Father’s Day
Ranking
- Questlove charts 50 years of SNL musical hits (and misses)
- Why higher winter temperatures are affecting the logging industry
- Migrant crossings along U.S.-Mexico border plummeted in June amid stricter asylum rules
- The First Native American Cabinet Secretary Visits the Land of Her Ancestors and Sees Firsthand the Obstacles to Compromise
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- From a Raft in the Grand Canyon, the West’s Shifting Water Woes Come Into View
- X Factor's Tom Mann Honors Late Fiancée One Year After She Died on Their Wedding Day
- Meta allows Donald Trump back on Facebook and Instagram
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
What's the deal with the platinum coin?
Here's what the latest inflation report means for your money
Miss a credit card payment? Federal regulators want to put new limits on late fees
A White House order claims to end 'censorship.' What does that mean?
Biden, G7 leaders announce joint declaration of support for Ukraine at NATO summit
U.S. files second antitrust suit against Google's ad empire, seeks to break it up
How much prison time could Trump face if convicted on Espionage Act charges? Recent cases shed light