Monday, January 30, 2023

Google Parent To Lay Off 12,000 Worldwide, Starting With U.S. 01 ... - MediaPost Communications

Last updated Friday, January 20, 2023 09:05 ET , Source: NewsService

Alphabet, Google’s parent company, will lay off about 12,000 of its employees worldwide, starting with the United States, CEO Sundar Pichai announced Friday.

Employees will remain on the company’s payroll for 60 days and receive at least 16-weeks of salary in severance, along with other benefits.

Published by Google and Alphabet CEO Sundar Pichai, the open letter describes a faulting economy and a company trying to support too many employees that were “hired for a different economic reality” than today.

I am confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI,” Pichai wrote. “To fully capture it, we’ll need to make tough choices. So, we’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company.”

The roles being eliminated reflect the outcome of that review, cuts across Alphabet, product areas, functions, levels and regions.

Verily, another Alphabet company, announced in an email to employees, and then posted it online, earlier this month it would lay off about 15% of staff “due to discontinued programs, full control of Granular and Onduo, and redundancy in the new, centralized organization.”

Alphabet is not the only tech company to experience these layoffs. The count stands at about 60,000 employees across the technology industry, according to some estimates.


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