Alphabet Inc, Google's parent company, said on Friday that it will cut 12,000 jobs or 6% of its workforce. This follows Alphabet's rivalry with Microsoft Corp in the growing field of generative AI. The layoffs are global in scope & affect US employees immediately.
Google to lay off 12,000 employees: Report
WHAT?
Alphabet Inc, Google's parent company, said on Friday that it will cut 12,000 jobs or 6% of its workforce. The layoffs are global in scope & affect US employees immediately.
WHY?
This follows Alphabet's rivalry with Microsoft Corp in the growing field of generative AI.
WHEN?
Google announced this on Friday, 20th January 2023.
MORE
The cuts at Alphabet come days after Microsoft said it would lay off 10,000 workers.
Alphabet CEO Sundar Pichai told staff in a memo that the firm had reviewed its products, people, and priorities, leading to job cuts across geographies and tech. It had rapidly expanded for better times but now faced "a different economic reality".
