Google has announced plans to discharge 6% of its global staff, or over 12,000 workers, in a big round of layoffs, following in the footsteps of Amazon, Microsoft, and Meta.
Many people will nonetheless be impacted by this layoff even though it is not significantly larger than at competing businesses. To put things into perspective, Amazon fired 18,000 workers, or 6% of its workforce. A total of 10,000 positions at Microsoft and 11,000 at Meta were lost as a result of layoffs. Microsoft lost 5% of its workforce.
Layoffs are one of the gloomy possibilities being considered by the technology industry and other sectors as they prepare for a downturn in the economy. A short time after Elon Musk became CEO of Twitter, the business also let go of thousands of workers.
Sundar Pichai, CEO of Google, underlined the need for the remaining employees to increase their concentration and production with a feeling of urgency in a public announcement.
He said that the business would put more effort into creating AI-related services to better compete with other businesses pursuing comparable endeavours. Despite Google’s $69 billion in revenue this year, profits have fallen to $13.9 billion. The business is proactively addressing the situation in anticipation of the economic difficulties that are anticipated in 2023.
As they process the company’s announcement of layoffs, Pichai has let staff to work from home. He said,
As you process this upsetting news, kindly take care of yourself. As part of that, if your workday has just begun, feel free to conduct business remotely today. I bear full responsibility for the choices that brought us to this point because I am really concerned about how these changes will affect the lives of Google employees.
