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    Home»News»Business & Economy»Google To Cut 12,000 Jobs
    Business & Economy

    Google To Cut 12,000 Jobs

    Bolanle Oduekun-AyoolaBy Bolanle Oduekun-AyoolaJanuary 22, 2023Updated:January 22, 2023No Comments2 Mins Read
    LAS VEGAS, NV - JANUARY 05: A Google logo is shown on a screen during a keynote address by CEO of Huawei Consumer Business Group Richard Yu at CES 2017 at The Venetian Las Vegas on January 5, 2017 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 8 and features 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees. (Photo by Ethan Miller/Getty Images)
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    Google’s parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry.

    Google and Alphabet CEO Sundar Pichai said he took “full responsibility” for the cuts, in an internal email.

    The cuts will affect 6% of Alphabet’s workforce worldwide, in teams including recruitment and engineering.

    This comes days after Microsoft announced 10,000 jobs would be lost, and weeks after Amazon announced 18,000 job cuts.

    Mr Pichai thanked staff for “working so hard” in their roles, adding that their “contributions have been invaluable”.

    He wrote: “While this transition won’t be easy, we’re going to support employees as they look for their next opportunity.

    “Until then, please take good care of yourselves as you absorb this difficult news. As part of that, if you are just starting your work day, please feel free to work from home today.”

    According to a recent filing with Companies House, Google has more than 5,500 staff in the UK. But it is unclear how many of these will be affected by the cuts.

    Mr Pichai announced severance packages for US employees, who will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage.

    He said he remained “optimistic about our ability to deliver on our mission, even on our toughest days”.

    Wall Street welcomed the cuts – Alphabet shares rose by 3.5% in electronic trading before the stock market opened.

    Analysts have said tech’s big guns had previously overspent, not seeing a slowdown on the horizon.

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    Bolanle Oduekun-Ayoola

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