Google parent Alphabet Inc. announced on Friday that it will be cutting 12,000 jobs, or 6% of its global workforce. This is the latest in a series of layoffs from tech giants as inflation rises and global economic conditions remain uncertain.
The news was confirmed by Google CEO Sundar Pichai in a memo to staff, where he cited “the economic reality” as the reason for the job cuts. He also noted that the company has been “making changes to ensure we are well-positioned for the future” and that they are “taking thoughtful steps to manage our business through this period of uncertainty.”
The layoffs come at a time when many tech companies have already implemented significant job cuts due to the pandemic and other economic factors. Microsoft, Meta, Google, Twitter and other companies have all had to make difficult decisions in order to stay afloat during these difficult times.
For those affected by the layoffs, Google has said it will provide support services such as career counseling and financial assistance. They are also encouraging employees to take advantage of their “Own Your Career” program which provides resources for career development and networking opportunities.