Current:Home > MarketsGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -CapitalSource
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-16 05:01:56
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! (87)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Body found in trash ID'd as missing 2-year-old, father to be charged with murder
- Why Coco Gauff vs. Caroline Wozniacki is the must-see match of the US Open
- Man convicted of 4-month-old son’s 1997 death dies on Alabama death row
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- New law aims to prevent furniture tip-over deaths
- India's moon rover finds sulfur, other elements in search for water near lunar south pole
- NASA said its orbiter likely found the crash site of Russia's failed Luna-25 moon mission
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Nick Saban takes Aflac commercials, relationship with Deion Sanders seriously
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Blink-182 announces Travis Barker's return home due to urgent family matter, postpones European tour
- Woman charged in murder-for-hire plot to kill husband
- Russian students are returning to school, where they face new lessons to boost their patriotism
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Miranda Kerr is pregnant! Model shares excitement over being a mom to 4 boys
- Students criticize the University of North Carolina’s response to an active shooter emergency
- A building marked by fire and death shows the decay of South Africa’s ‘city of gold’
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
David and Victoria Beckham Honor Son Romeo's Generous Soul in 21st Birthday Tributes
Sam Hunt Shares Rare Insight Into Family Life With Wife Hannah Lee Ahead of Baby No. 2
Whatever happened to the 'period day off' policy?
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Kris Jenner Packs on the PDA With Corey Gamble During Magical Summer Vacation
Typhoon Saola makes landfall in southern China after nearly 900,000 people moved to safety
John Stamos on Full House, fame and friends