Status: 01/20/2023 12:43 p.m
After Microsoft, Amazon and Meta, the next big tech company is announcing a clear cut. The Google parent company Alphabet is cutting 12,000 jobs worldwide. It is the largest job cut in the company’s almost 25-year history.
As the next heavyweight in the tech industry, Google parent company Alphabet wants to cut thousands of jobs. Around 12,000 jobs will be lost worldwide. That corresponds to around six percent of the workforce, it is the largest job cuts in the 25-year history of the group. Company boss Sundar Pichai published an e-mail to the employees in a Google blog today.
According to Pichai, the affected employees in the USA have already been contacted. In other countries, however, this process could take longer. The Alphabet boss justified the layoffs with the “dramatic growth” of the past two years. In order to do justice to this, one adjusted to a different economic reality than one finds it today. The layoffs are the result of a rigorous review across all product areas, Alphabet CEO Pichai said in the Mail.
Wave of layoffs in tech sector
Just this week, Microsoft announced that it would cut 10,000 jobs. Before that, Amazon announced that it would cut 18,000 jobs and the Facebook group Meta of 11,000 jobs. With the booming business in the corona pandemic, the tech companies had increased their number of employees, in some cases significantly. Recently, however, business development has slowed down, among other things due to economic concerns and high inflation.