Alphabet's Google Lays Off 12,000 Employees
Mass Layoffs Hit Tech Giant
Google parent company Alphabet has announced plans to lay off approximately 12,000 employees, or 6% of its workforce.
The announcement comes amid a wave of layoffs in the tech industry, as companies grapple with economic headwinds and a slowdown in growth. Alphabet cited "economic challenges" as the primary reason for the job cuts.
Google CEO Sundar Pichai stated in an email to employees that the company had made "a difficult decision" to reduce its workforce. He emphasized that the decision was not made lightly and that the company would provide severance packages, healthcare benefits, and job placement assistance to affected employees.
The layoffs are expected to impact various departments across Google, but they are primarily concentrated in recruiting and corporate functions. The company is also reducing its workforce in some smaller business areas.
The news of the layoffs has sent shockwaves through the tech industry and has raised concerns about the stability of the labor market. Google is considered a bellwether for the tech sector, and its decision to lay off a significant number of employees is seen as a sign that the economic downturn is affecting even the largest and most successful companies.
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