As Amazon, Microsoft, and Meta have done, Google plans to lay off 6% of its global workforce which equates to approximately 12,000 workers.
While this layoff is not disproportionately large than rival companies, many people will still be affected. For comparison, Amazon laid off 6% of its workforce or 18,000 people. Microsoft cut off 5% of its employees, which amounted to 10,000 jobs, and Meta eliminated 13% of its workers, 11,000.
Layoffs are one of the grim options that companies in tech and other industries face as they prepare for an economic downturn. Twitter also laid off thousands of employees shortly after Elon Musk took over as CEO.
According to Sundar Pichai, Google’s CEO, the remaining staff should increase their focus and output with a sense of urgency.
To compete against rival companies working on similar projects he also announced that the company plans to expand its AI-related services. In spite of Google’s revenue reaching $69 billion this year, profits decreased to $13.9 billion. In light of the expected economic challenges in 2023, the company is taking proactive measures to address the issue.
As employees process the company’s announcement of layoffs Pichai has allowed them to work from home. To cope with this difficult news please take care of your selves. As part of this if you are just getting started today feel free to work from home. I take full responsibility for the decisions that led us to these changes, and the fact that they will impact the lives of Google’s weighs heavily on me.
Follow us on Twitter, Facebook, Instagram, and LinkedIn for the latest news and reviews. Visit our website at: www.storyline.pk
