BY Javed Baloch | 20/01/23 Images via Unsplash
In a shocking move, Google has announced the axing of 12,000 jobs, adding to the layoffs spreading across the entire tech sector. This has sent shockwaves throughout the industry.
The layoffs at Microsoft, Amazon, Facebook, Twitter, and now Google have added to the already staggering total of tens of thousands of job losses in recent weeks.
Google is taking a drastic step, laying off 12,000 workers, or 6% of its workforce. This is a major blow to the tech industry, which had been suffering economic instability since Covid-19.
On Friday, Google CEO Sundar Pichai sent an email to staff announcing the impending cuts, which was also shared on the company's news blog. This news has sent shockwaves throughout the Silicon Valley giant.
“Over the past two years, we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today.” CEO Sundar Pichai stated to Google staff.
This week, Microsoft, Amazon, Meta, and Twitter have all made headlines for one unfortunate reason: job cuts. Microsoft announced 10,000 job losses, representing nearly 5% of its workforce.
Amazon said it would be cutting 18,000 positions from its 1.5 million workforce. Meta, the parent company of Facebook, is shedding 11,000 positions, or an estimated 13% of its staff.
After taking the helm at Twitter last fall, Elon Musk has been firing staff at the company to reduce losses. It's a move that has been making headlines ever since his takeover of the company in a $44 billion deal.