Google To Lay-off 12000 More Employees - Global Recession Alert

Google recently announced that it is cutting approximately 12,000 jobs, or 6% of its global workforce.

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The layoffs, which were announced by Google CEO Sundar Pichai in a blog post, will affect workers in offices around the world.

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In addition, Google's parent company, Alphabet Inc., is also cutting 1,500 jobs from its Verily health-focused subsidiary, and 500 from its Intrinsic software development subsidiary.

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This brings the total number of layoffs to 14,000, or 7% of Alphabet's global workforce.

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The cuts come as the technology industry faces a slowdown in demand due to the economic downturn caused by the coronavirus pandemic.

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It is estimated that the tech industry has lost over 51,000 jobs in the past few months, with four of the U.S.'s biggest tech companies.

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Google, Microsoft, Amazon, and Meta – all announcing substantial layoffs.

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Google has also noted that artificial intelligence will remain a key focus going forward.

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Google's CEO Sundar Pichai has stated that the cuts are part of an effort to “sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities.”

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