HIGHLIGHTS:
- Tech Giant: Google announces 12000 job cuts.
- Other big companies also made job cut earlier this month.
Today Google sits at the apex of the list of tech giant companies. After the company’s announcement of laying off 12000 jobs, it has listed itself in the list of other companies who have recently slashed their employees.
Google CEO Sundar Pichai said that the layoff was decided earlier and also had been notified to the employees. The process in other countries may take longer due to local rules and laws.
If you consider the estimated figure, it is just 6% of the Google workforce. There is no news of how many job layoffs are in the U.S. and in other countries also.
The big companies have recently been in a race to announce layoffs of their employees earlier this month. The companies include big names like Amazon, Microsoft, and Salesforce.
The companies have given statements that during the pandemic they have hired in bulk and now they have to make cutoff because of this declining economy.
One of Google’s employee email posts sent by Sundar Pichai clarifies the reason behind the layoffs. It says, “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,”.
Another primary reason is that the tech giant is shifting its maximum workload to artificial intelligence. According to sources, there will also be a job cut from the Google parent company Alphabet.
