Google-parent Alphabet is cutting 12,000 jobs

Business January 20, 2023 News
Google-parent Alphabet is cutting 12,000 jobs

From CNN | Tech by Clare Duffy, CNN

Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector.

The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s website Friday.

Affected US employees will remain on the company’s payroll for 60 days and receive at least 16-weeks salary in severance, in addition to other benefits.

Pichai said the layoffs were part of an effort to refocus on the company’s core business, as well as its early investments in artificial intelligence. “These are important moments to sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities,” he said.

Photo Courtesy The New York times

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