After Amazon, Microsoft and Meta made massive layoffs, Google is doing the same and plans to lay off about 6% of its global workforce. This equates to about 12,000 people.
For comparison, Amazon’s latest round of layoffs cut 18,000 jobs (6%), Microsoft’s cut was 10,000 jobs (5%), while Meta had to lay off 11,000 people (13%). ). So the Google layoff isn’t disproportionately bigger, but there are still a lot of people who are about to be out of work. Everyone in the tech industry and beyond is bracing for the economic downturn and looking for a way to cut costs. Of course, job cuts are one of the levers companies can pull.
Sundar Pichai, Google’s CEO, said in an official statement that the remaining Google staff should focus more than ever and work with a sense of great urgency. He added that Google will put more effort into developing its AI-related services to compete with rival companies working on similar projects.
Google’s revenue has grown to $69 billion this year, but actual profits have shrunk to $13.9 billion. And with global economies expected to face serious challenges in 2023, Google is looking to act before things get worse.
Start a new Thread