In recent years, we’ve seen major tech companies like Amazon, Microsoft, and Facebook undergo massive layoffs. Now it’s Google’s turn: the tech giant to cut jobs of 9% of its workforce this week has been announced. This could affect 20,000 employees or more. The cuts come as tech giants struggle to keep up with growing costs and questions about their futures. This comes as they expand into new markets like cloud computing and artificial intelligence (AI).
Tech giants like Google, Facebook, and Microsoft have had to deal with layoffs in recent years, but in 2023, the trend shows no sign of slowing down. The layoffs are a result of the slowdown in tech growth, especially since the pandemic hit.
Google is laying off 9% of its workforce.
Google is laying off 9% of its workforce, a move that could affect 20,000 employees or more.
In an email sent to employees on Tuesday, CEO Sundar Pichai said the company needed to “better support our goal of providing users with access to useful information.” In this email, it went on to say that in order to do this, “we need great people.”
The layoffs will affect about 9% of Google’s workforce, according to Reuters. It’s not yet clear which divisions will be affected. Reports say that some employees were notified on Tuesday morning via email that they would be losing their jobs by Friday.
Google has not yet disclosed how many people in total will be let go as part of these cuts. However, according to The Verge, reports indicate that it could even affect up to 20% of Google’s 70,000-person U.S.-based workforce.
The tech giant to cut jobs so that it can cut down on costs and expand its focus on AI and cloud computing.
Google is a tech giant and has been around for over 20 years. But with the layoffs, Google could be letting go of up to 20,000 employees or more. The company says it needs to cut down on costs and expand its focus on AI and cloud computing.
The layoffs come after Google announced that they would be changing their business model from advertising-based to subscription-based in order to compete with Amazon Web Services (AWS) which currently dominates the cloud services market by a large margin.
It’s hard for people to keep their jobs at big tech companies like Google, Facebook, and Microsoft these days.
The global slowdown of technology and the shift of focus to cloud computing and AI technology has caused many tech giants like Facebook and Microsoft to need to cut down on their workforce as part of cost-cutting measures. Google’s decision to lay off employees actually comes after Amazon, Microsoft and Facebook also underwent massive job cuts in recent years amid shifting priorities within their respective companies.
The tech industry is in the midst of a period of massive innovation—and with that comes an increase in competition for talent and capital resources. Many unicorns have raised billions of dollars at record valuations over the past few years; however, many have struggled to turn profits on those investments as they grow their businesses from startups into large corporations with thousands or even millions of employees.
Google is providing workers with financial services and career training during their transition out of the company.
Google on Tuesday announced that it would be cutting thousands of jobs, representing about 11 percent of its workforce. The move comes as Google has faced increased criticism for its handling of user data and anti-competitive practices.
The company is providing workers with financial services and career training during their transition out of the company. This includes up to $500 in cash from a severance package, as well as access to career counseling, resume review, and interview preparation services.
These big layoffs could indicate how companies are dealing with a slowdown in tech growth.
In the past few years, tech giants have been laying off employees in an effort to cut costs and streamline operations. In some cases, layoffs can be a sign of a slowdown in tech growth.
However, it’s also possible that these companies are simply shifting their focus to AI and cloud computing. For example, Google has been ramping up its investments in AI research over the past few years through initiatives like Google Brain and DeepMind (both acquired by Google). The company also just announced plans to launch a new AI-focused research center in China—and this new facility will employ more than 200 researchers who previously worked at Baidu on projects like DuerOS—an open-source intelligent conversational system similar to Amazon Alexa or Apple Siri but powered by Baidu’s DuerOS software platform rather than Microsoft Cortana or Google Assistant
These big layoffs could indicate how companies are dealing with a slowdown in tech growth. The future of the industry is uncertain, but it’s clear that there will be more job cuts in 2023 and beyond for anyone who works in the tech industry.