Google: Google lays off 6% of its workforce

Jan 25, 2023 | Posted by MadalineDunn

Alphabet, Google's parent company, has announced that it is making further cuts to its staff, and is set to lose around 6% of its global workforce. The giant's reasoning for the significant downsizing is similar to the reasons cited by other tech firms that have cut back on staff in recent months. 

In an open letter by Google and Alphabet CEO Sundar Pichai, it was outlined that the company had "hired for a different economic reality," and said he took "full responsibility" for the decision. Further to this, it was stated that employees would get 16 weeks of severance and six months of health benefits and immigration support. 

The company had previously published a significant decline in profits when compared with figures from last year: a 27% decline to $13.9bn.

According to the giant, cuts will be made to those in the following departments:
  • Recruiting, 
  • Corporate functions, 
  • Engineering, and
  • Products teams.

While making cuts in the above areas, the company has reportedly identified AI as an area which it can capitalize on, with Pichai stating that he is "confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI."

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