Current:Home > MyGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -Prime Capital Blueprint
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
Ethermac Exchange View
Date:2025-04-10 00:11:26
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! (97319)
Related
- Trump's 'stop
- How Taylor Swift Played a Role in Katie Couric Learning She’s Going to Be a Grandma
- EU aid for Ukraine's war effort against Russia blocked by Hungary, but Kyiv's EU membership bid advances
- The power of blood: Why Mexican drug cartels make such a show of their brutality
- Retirement planning: 3 crucial moves everyone should make before 2025
- Berlin Zoo sends the first giant pandas born in Germany to China
- A Black woman was criminally charged after a miscarriage. It shows the perils of pregnancy post-Roe
- 36 days at sea: How these castaways survived hallucinations, thirst and desperation
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Myanmar Supreme Court rejects ousted leader Suu Kyi’s special appeal in bribery conviction
Ranking
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Pope says priests can bless same-sex unions, requests should not be subject to moral analysis
- 36 jours en mer : récit des naufragés qui ont survécu aux hallucinations, à la soif et au désespoir
- NFL Week 16 schedule: What to know about betting odds, early lines
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- How the White House got involved in the border talks on Capitol Hill -- with Ukraine aid at stake
- Storm drenches Florida before heading up East Coast
- Could Chiefs be 'America's team'? Data company says Swift may give team edge over Cowboys
Recommendation
Rylee Arnold Shares a Long
Pope says priests can bless same-sex unions, requests should not be subject to moral analysis
Man in West Virginia panhandle killed after shooting at officers serving warrant, authorities say
Jeff Roe, main strategist for DeSantis super PAC, resigns
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
From emotional support to business advice, winners of I Love My Librarian awards serve in many ways
Bengals' Jake Browning admits extra motivation vs. Vikings: 'They never should've cut me'
Ravens beat mistake-prone Jaguars 23-7 for 4th consecutive victory and clinch AFC playoff spot