Current:Home > reviewsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Wealth Legacy Solutions
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
NovaQuant Quantitative Think Tank Center View
Date:2025-03-11 11:19:30
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! (24955)
Related
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Coca-Cola Spiced pulled from shelves less than a year after drink's release
- ‘System of privilege’: How well-connected students get Mississippi State’s best dorms
- Utah State joining Pac-12, which has now snapped up five Mountain West schools
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- The University of Hawaii is about to get hundreds of millions of dollars to do military research
- Wisconsin mayor carts away absentee ballot drop box, says he did nothing wrong
- Tia Mowry Speaks Out After Sharing She Isn't Close to Twin Sister Tamera Mowry
- B.A. Parker is learning the banjo
- Caitlin Clark back in action: How to watch Fever vs. Sun Wednesday in Game 2
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- En busca de soluciones para los parques infantiles donde el calor quema
- Mega Millions winning numbers for September 24 drawing; jackpot at $62 million
- Funds are cutting aid for women seeking abortions as costs rise
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Kentucky sheriff charged with fatally shooting a judge pleads not guilty in first court appearance
- X releases its first transparency report since Elon Musk’s takeover
- Trump says Ukraine is ‘dead’ and dismisses its defense against Russia’s invasion
Recommendation
Current, future North Carolina governor’s challenge of power
Inside Tia Mowry and Twin Sister Tamera Mowry's Forever Bond
Jack Schlossberg Reveals His Family's Reaction to His Crazy Social Media Videos
Philadelphia police exhume 8 bodies from a potter’s field in the hope DNA testing can help ID them
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Ohio officials worry about explosion threat after chemical leak prompts evacuations
Back with the Chiefs, running back Kareem Hunt wants to prove he’s matured, still has something left
Who is Matt Sluka? UNLV QB redshirting remainder of season amid reported NIL dispute