California, 20th January 2023: Today (January 20), Google parent Alphabet stated that it will lay off about 12,000 employees, or 6 percent of its staff worldwide.
Company CEO Sundar Pichai informed employees in an email today (January 20) that he takes “full responsibility for the decisions that led us here.”
Pichai added, “These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities.”
Teams from across the organisation, including recruiting, some corporate operations, some engineering, and some product teams, are impacted by the job losses. According to Google, the layoffs are global and instantly affect US employees.
With the layoffs, Google joins a plethora of other tech titans that have significantly reduced operations in the face of a failing global economy and surging inflation.
In the announcement, Pichai stated, “Google will help employees as they look for their next opportunity and the company will pay workers for the entire notice period in the US (minimum 60 days).”
Additionally, outside of the US, Google will support staff following regional customs. As part of the transition to a new performance management system, Google is delaying a chunk of its employees’ year-end incentives, according to a recent Reuters article.