As Google's parent company Alphabet announces 12,000 employee layoffs, it joins a number of businesses downsizing to cut costs in 2023
mid an avalanche of layoffs in some sectors of the U.S. job market, particularly across technology, retail and finance sectors, Google’s parent company Alphabet announced that it would cut 12,000 jobs.
His memo added that domestic employees would receive a severance package worth 16 weeks of salary and two weeks off additional pay for every year served, as well as six months worth of healthcare and immigration support. Meanwhile employees outside the U.S. will be supported “in line with local practices.”recorded in the U.S.
while people were staying at home during the pandemic,” Roger Lee, the creator of Layoffs.fyi, tells TIME. “Now that we’re in a completely opposite environment, these same tech companies are performing layoffs to undo their overhiring from the past couple of years.” “With the war in Ukraine and all the world in, or entering into recession, their companies are trenching as demand is falling, belt tightening is going on,” he says. “One part of this is just a general reflection of what’s happening in the economic situation around the world.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Google parent Alphabet to axe 12,000 jobs worldwide\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Google owner Alphabet to slash 12,000 jobs following Microsoft and AmazonGOOGLE’S parent firm Alphabet has said it will cut about 12,000 jobs, in an email to staff. It becomes the latest tech giant to announce significant cuts after similar announcements from Amaz…
Read more »
Google parent Alphabet to cut 12,000 jobsSix per cent of Alphabet's workforce will be lost worldwide, and US staff will be affected immediately.
Read more »
Google job fears in UK and Ireland as parent firm Alphabet slashes 12,000 staff globallyRevealing the 'difficult news', chief executive of the Silicon Valley giant, Sundar Pichai, says the company had hired for 'periods of dramatic growth' over the past two years, but that was a 'different economic reality than the one we face today.'
Read more »
Google lays off 12,000 blaming 'different economic reality' as mass tech layoffs continueGoogle's parent company Alphabet lays off thousands of people from across organisation.
Read more »
New Netflix movies 2023: the biggest original films coming to the streamerMillie Bobby Brown, Jonah Hill, Adam Sandler and more will star in upcoming Netflix original movies
Read more »