Current:Home > InvestGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -BrightFuture Investments
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-19 04:10:15
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! (15)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Fantasy football kicker rankings for Week 3: Who is this week's Austin Seibert?
- A Walk in the Woods with My Brain on Fire: Summer
- An appeals court has revived a challenge to President Biden’s Medicare drug price reduction program
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- New Jersey Devils agree to three-year deal with Dawson Mercer
- Florida deputy accidentally shoots and kills his girlfriend, officials say
- Lindsay Lohan's Rare Photo With Husband Bader Shammas Is Sweeter Than Ice Cream
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Moment of Sean Diddy Combs' Arrest Revealed in New Video
- Estranged husband arrested in death of his wife 31 years ago in Vermont
- The head of Boeing’s defense and space business is out as company tries to fix troubled contracts
- A South Texas lawmaker’s 15
- S&P 500, Dow hit record highs after Fed cuts rates. What it means for your 401(k).
- Miley Cyrus Makes Rare Public Appearance During Outing With Boyfriend Maxx Morando
- 8 California firefighters injured in freeway rollover after battling Airport Fire
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
New York magazine says its star political reporter is on leave after a relationship was disclosed
Euphoric two years ago, US anti-abortion movement is now divided and worried as election nears
Video showing Sean 'Diddy' Combs being arrested at his hotel is released
See you latte: Starbucks plans to cut 30% of its menu
New Jersey Devils agree to three-year deal with Dawson Mercer
Biden is putting personal touch on Asia-Pacific diplomacy in his final months in office
What to watch: Let's be bad with 'The Penguin' and 'Agatha All Along'