Google's Parent Alphabet to lay off 12000 Employees, following Amazon and Microsoft
The streak of tech layoffs continues as Googles Parent Alphabet, on Friday, announced to lay off its 12000 employees. This accounts for 6% of its workforce, shaking the technology sector to its core. The decision is expected to fuel the rising economic certainties around the business world as well as question the job security among employees. Googles Parent Alphabet Catering to a Different Economic Reality In a recently released staff memo, Sundar Pichai (CEO of Googles Parent Alphabet) said that the tech giant had been consistently expanding its headcount in recent years. “ The expansion was for a different economic reality than the one we face today. I take the full responsibility for the decisions that led us here. ” The layoffs are global and are expected to immediately impact the staff in the United States. They will also affect the operations of recruiting, engineering, and product teams as well as some corporate functions. As per the memo, Alphabet has ...