After Microsoft, Google announced that it has decided to lay off 12,000 employees.
Hopping the bandwagon of firing workers from the company, Google’s parent enterprise Alphabet Inc has announced that it is preparing to lay off as many as 12,000 employees at the starting of 2023. The announcement was made to all the employees through an email by Google CEO Sundar Pichai.
The announcement of Google laying off employees came shortly after tech company Microsoft announced that it will be laying off 10,000 employees this year. Before Microsoft, Mark Zuckerberg-owned Meta also announced that it will fire 10,000 employees soon.
Reason behind mass layoffs in tech companies >>>
Google, in its announcement of the mass layoffs, has cited the pullback of several investors in view of the looming recession as one of the reasons for firing thousands of employees. Further, it said that customers have also cut back on their spending due to inflation and their pandemic-hit budgets.