Current:Home > InvestGoogle is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January -WealthX
Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January
View
Date:2025-04-12 17:01:46
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! (611)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- A college student fell asleep on the train. She woke up hours later trapped inside.
- Purported leader of criminal gang is slain at a beachfront restaurant in Rio de Janeiro
- Missing man's body found decomposing in chimney of central Georgia home
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Liberia’s new president takes office with a promise to ‘rescue’ Africa’s oldest republic
- Trump seeks control of the GOP primary in New Hampshire against Nikki Haley, his last major rival
- A college student fell asleep on the train. She woke up hours later trapped inside.
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Wall Street pushes deeper into record terrain, fueled by hopes for interest rate cuts
Ranking
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Lionel Messi plays into second half, but Inter Miami loses 1-0 to FC Dallas in preseason
- Almost 80 years after the Holocaust, 245,000 Jewish survivors are still alive
- Burton Wilde: Lane Club's Explanation on Cryptocurrencies.
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Billy Joel prepares to 'Turn the Lights Back On' with first new pop song in decades
- Churches, temples and monasteries regularly hit by airstrikes in Myanmar, activists say
- You'll Be Fifty Shades of Freaked Out By Jamie Dornan's Run-In With Toxic Caterpillars
Recommendation
DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
The EU sanctions 6 companies accused of trying to undermine stability in conflict-torn Sudan
Udinese bans for life one of the fans who racially abused Milan goalkeeper Mike Maignan
Plagiarism probe finds some problems with former Harvard president Claudine Gay’s work
B.A. Parker is learning the banjo
EU pushes for Palestinian statehood, rejecting Israeli leader’s insistence it’s off the table
NYC joins a growing wave of local governments erasing residents' medical debt
21 Israeli soldiers are killed in the deadliest single attack on the army since the war began