Google parent Alphabet is cutting around 12,000 jobs, or around six percent of its global workforce, it wrote in a company-wide email sent to employees. CEO Sundar Pichai said that he was "deeply sorry" to workers that will be let go and that it was a "difficult decision to set us up for the future." The layoffs will be felt globally and across the entire company, and Pichai said he takes "full responsibility for the decisions that led us here."
- People's jobs aren't safe even if the company turns 30 billion dollar quarterly profits - It's always called difficult, but necessary, and to better help the users. That's PR lip service. - 'Taking full responsibility' infers he'll do something to make it right, or will pay a penalty of some sort, but he won't. They aren't in it together, it's just business.
On the bright side, those people got some experience and are now free of Google for the next step in their careers. The rumors of pending layoffs began when Sundar's own pay was more closely tied to company performance. Hopefully the employees had been preparing for the next step in their lives for some time.
Get out of debt and become less dependent on things while you have a job, and invest in yourself with a new skill or three in the downtime.
tangor
1:22 am on Jan 21, 2023 (gmt 0)
The "shadow recession" is changing macro economics and more layoffs are expected. MS, FB, and others in the tech industry have dropped over 90,000 in the last two months. Expect more. Balancing the budget---and due to expected hits in revenue for the next two years.
With interest rate increases at the FED and other global authorities resulting in the drying up of "free money" (as in interest free), expect more changes. Leaning down. Tightening the belt. Waiting for better opportunities.
When banks suffer the rest of us do as well.
And you will see it in your website monetization as well---it is all trickle down.
superclown2
9:19 am on Jan 25, 2023 (gmt 0)
The way they have done it is brutal - the laid-off workers have been described as the 'least productive'. This is at a time when Meta and MS are laying off technical staff too so what chance have these people got of getting re-employed in the near future with that label hanging over them?
Perhaps if Google hadn't already sacked so many of their ethics staff they would have handled it more sensitively.
