Google to lay off 12,000 employees amid global economic downturn; CEO Pichai says 'sorry'
Tech giants such as Amazon and Microsoft also lay off 10,000 and 18,000 jobs respectively amidst a massive global economic downturn.
Press Trust of India | January 20, 2023 | 07:25 PM IST
NEW DELHI : Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant to retrench staff en mass amid the global economic downturn.
In an email to employees, the Indian-origin CEO said: "I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles." Pichai said the layoffs at Google were carried out after a “rigorous review" of its operations. The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions”, he said.
Also Read | Mixed bag of job opportunities await aspirants in 2023; enhanced skills to be in spotlight
"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," Pichai said in his mail, which was also posted on the company's news blog.
Earlier this week, Microsoft layoffs announced to reach 10,000 job cuts, or nearly 5 per cent of its workforce. Meanwhile Amazon layoffs also lead to cutting 18,000 jobs and Facebook parent Meta is trimming 11,000 positions. "We’ve already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices," he said.
"I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here," he added.
If you want to share your experience at work, write to us at theworkplace@careers360.com. To know more about The Workplace itself here's a handy note: Let’s talk work…
If you want to share your experience at work, talk about hiring trends or discuss internships, write to us at theworkplace@careers360.com. To know more about The Workplace itself, here's a handy note: Let’s talk work…
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- Education ministry, World Bank report flags skills gap; BFSI, digital media ‘must be top priority for schools
- Study Abroad: New Zealand revises post-study work visa rules for international postgraduate students
- Maharashtra Election 2024: State’s job scheme stumbles; just 21% apprentice placements in private firms
- ‘First-of-its-kind’: IIT Madras, IIM Udaipur, IIIT Nagpur hostels to be built in PPP-mode
- IIM Calcutta, Delhi, XLRI: How management schools are planning new ways to improve NIRF ranking in research
- Study Abroad: India beats China in race for US education, leads with 3.31 lakh students, says report
- Delhi University students, teachers demand removal of principal accused of slapping Dalit student
- These MBA specialisations are seeing a surge in demand, jobs
- Education News This Week: Fake news on CBSE exams; UPPSC protests, crackdown on coaching ads
- CAT 2024 and a day on campus: How Nirma University plans MBA admissions