The sword of retrenchment will also be used against Google’s owner, Alphabet Inc. More than 10,000 employees will be laid off by the corporation. Microsoft just announced the layoff of 10,000 employees worldwide.
Alphabet Inc., Google’s parent firm, will also experience layoffs. The corporation plans to lay off around 12,000 workers. The layoffs at Alphabet Inc. are being viewed as a huge blow for the technology sector.
Due to the prospect of an economic downturn, a period of retrenchment in enterprises throughout the world began in 2022 and is not expected to end this year.
Sundar Pichai accepted responsibility.
Companies such as Meta (Facebook)-Twitter (Twitter) and Amazon (Amazon) have reduced their workforce significantly.
The name Google Alphabet has now been added to this list.
Sundar Pichai, the company’s CEO, stated in an e-mail to staff that he accepts full responsibility for layoff decisions.
He stated that it is time to sharpen our focus, shift our cost base, and prioritise talent and money.
Despite heavy retrenchment, the IT industry is the first option for 70% of young people looking for work.
The layoffs at Google Alphabet will be worldwide in nature.
Alphabet has already notified impacted employees, but the procedure will take longer in other countries owing to local employment rules and regulations.
This was said by Sundar Pichai:
‘Googlers, I have some unfortunate news to offer,’ remarked Pichai. We have chosen to cut 12,000 positions from our payroll.
In this regard, we have already sent a separate email to the impacted workers in the United States.
This means saying goodbye to some extremely brilliant individuals whom we worked hard to attract and with whom we enjoyed working. I sincerely apologise. I accept full responsibility for the choices that led us here.”
Microsoft laid off 10,000 workers.
Microsoft had already dismissed 10,000 employees worldwide.
This amount represents around 5% of the company’s entire workforce.
Microsoft employs almost 2 lakh people.
Meta to Amazon layoffs
Last year, Facebook’s parent company, Meta, wielded such a retrenchment sword in the name of cost cutting, claiming the recession, that 11000 employees were shown the exit.
Amazon announced the layoff of thousands of employees (Amazon Layoff) at the start of the year 2023, dealing a significant blow to its workforce.
According to a source, online giant Amazon plans to lay off more than 18,000 employees worldwide.