Google is cutting approximately 12,000 jobs — the latest technology firm to initiate significant layoffs as inflation rises and global markets brace for a downturn.
Google SEO Sundar Pichai announced the cuts in an email to staff on Friday and a blog post. The job losses constitute around 6 percent of Google’s global workforce, compared to recent layoffs at Microsoft (10,000 jobs or 5 percent of the workforce), Amazon (18,000 jobs / 6 percent), and Meta (11,000 / 13 percent). Earlier this month, Google’s parent company Alphabet announced much smaller cuts at Verily, its health-focused subsidiary, and Intrinsic, a subsidiary developing software for industrial robots.
In his blog post, Pichai said the layoffs marked a moment to for the company to “sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities.” The CEO noted that artificial intelligence would be a key area going forward.
“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,” said Pichai. “To fully capture it, we’ll need to make tough choices.”
Although Google made significant early leads in AI with investments like its 2014 acquisition of research-focused AI lab DeepMind, the the company has been wrong-footed in recent months by more daring rivals like OpenAI, which launched its buzzy AI chatbot ChatGPT on the web last year. OpenAI has forged a deep...
Read Full Story: https://news.google.com/__i/rss/rd/articles/CBMiV2h0dHBzOi8vd3d3LnRoZXZlcmdlLmNvbS8yMDIzLzEvMjAvMjM1NjM3MDYvZ29vZ2xlLWxheW9mZnMtMTIwMDAtam9icy1jdXQtc3VuZGFyLXBpY2hhadIBAA?oc=5
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
