The exit door points to 12,000 employees its parent company Google laying off 6% of its workforce. As he announced decided to eliminate these thousands of jobs.
Sudar Pichai, its CEO Alphabetsaid in a memo to staff seen by Reuters that the company had increased its staff very rapidly in recent years, “in a different economic context than we are facing today”.
“I take full responsibility for the decisions that led us herehe pointed out as reported by the Athens News Agency.
The cuts come days after rival Microsoft announced it would cut 10,000 jobs.
The losses jobs they affect teams across the company including recruiting and some corporate functions, as well as some engineering and product teams.
The layoffs are global and will immediately affect staff in the US.
Alphabet has already sent emails to affected employees, the memo said, while the process will take longer in other countries due to local employment laws and practices.
The news of the layoffs comes during a period of economic uncertainty as well as technological expectations, as Google and Microsoft invest in a growing field of software known as generative artificial intelligence.
“I am confident in the tremendous opportunity ahead thanks to the strength of our mission, the value of our products and services, and our early investments in AI,” Pinchai wrote in the note.
Reuters was the first to report the news.
Source: News Beast
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