Google Parent Alphabet to Cut 12,000 Jobs

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The parent company of Google, Alphabet, will eliminate 12,000 jobs, the most recent round of layoffs to affect the tech sector. In an internal email, Sundar Pichai, the CEO of Google and Alphabet, stated that he accepted "full responsibility" for the downsizing. 6% of Alphabet's employees worldwide, including those in the engineering and recruitment departments, will be affected by the layoffs. This comes after Amazon eliminated 18,000 employees and Microsoft cut 10,000 jobs, respectively, in recent weeks.

Staff members "worked so hard" in their positions, Mr. Pichai said, adding that their "contributions have been important." Google employs more than 5,500 people in the UK, according to a recent Companies House report. But it is unclear how many of these will be affected by the cuts. For US workers, Mr. Pichai offered severance packages that include at least 16 weeks of pay, their bonus from 2022, paid time off, and six months of health insurance. Without counting those revealed by Alphabet on Friday, approximately 194,000 industry workers have lost their employment in the US since the year 2022 began, according to the tech portal Layoffs.fyi.

Due to the rampant inflation and rising interest rates, which have hindered growth, Hewlett Packard and cloud computing company Salesforce also made significant cuts this month. US digital firms are also under examination in the European Union, which has been enforcing legislation to prevent them from avoiding taxes, suppressing competition, making unreimbursed profits from journalistic material, and acting as venues for hate speech and disinformation.