The search engine will cut 12,000 jobs in the coming weeks and refocus on its strategic activities.
The degreasing in the world of new technologies continues with this announcement made by the CEO of Alphabet, the parent company of Google.
Google is shedding 6% of its global workforce
The leader indicated, in an email sent to all of the group’s employees, that 12,000 jobs will be cut very soon. This number represents approximately 6% of the company’s global workforce, estimated at 187,000 employees.
It is not yet known at this time which divisions and departments will be most impacted by these mass layoffs, but the leader indicates that they will concern “ all departments, functions, levels of responsibility and regions “.
” Over the past two years, we have experienced periods of spectacular growth. To support and fuel this growth, we have hired a lot. But this economic reality was different from the one we know today writes Sundar Pichai to justify his decision.
Alphabet will put in place support measures for American employees, who will receive at least four months of additional salary as well as six months of health coverage paid for by the company. In other countries, dismissals will comply with local laws.
A wave of massive layoffs in tech, after two years of strong growth
This decision is not a surprise, at a time when all the tech giants have already announced spectacular job cuts. Meta laid off 13,000 people, while Amazon cut 18,000 jobs recently. Just this week, it was Microsoft’s turn to make the decision to terminate the functions of 10,000 employees.
Like all companies, Google must face the economic crisis, which has already been reflected in its results. If the turnover of its last quarter is up, to 69 billion dollars, the profit plunged 5 billion dollars in one year.
To overcome this bad patch, Sundar Pichai intends to refocus the company on its strategic activities, and in particular all developments in artificial intelligence.
Source : Bloomberg
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