Alphabet, Google's Parent company, aims to Cut 12,000 Jobs
[b]● Sundar Pichai, CEO of Google and Alphabet has taken "full responsibility" for the cuts. ● This harsh decision will affect 6% of Alphabet's global workforce. ● According to a report, Google has over 5,500 staff in the UK but how many of these staff would be affected by the cuts is unclear.[/b]
[i][c=666666]Google Headquarters. (John G Mabanglo/EPA, via Shutterstock)[/c][/i]
[sep]
Google Parent Alphabet Company On Friday, 20 January 2023 said that he planned to reduce 12,000 jobs, because of being concerned about a huge economic slowdown after huge hiring during the period of Covid19.
This is the largest cuts decision ever taken by this company that may affect about 6 percent of its global workforce.
The chief executive of Google Parent Alphabet, Sundar Pichai claimed that the employees were hired for a different economic reality than the one the company faces today.
He also said that he has taken this rigorous decision across product areas and functions so that his company can align the employees with the highest priorities.
Alphabet Inc. of Google, which is a global technology holding company based in Mountain View, California, had 187,000 staff at the end of September which was about 150,000 a year earlier.
[i][c=666666]Alphabet, the parent company of Google has decided to cut 12,000 jobs in 2023 because of worries about a broader economic slowdown. (GETTY IMAGES)[/c][/i]
You should update your algorithm. This "news" item is a couple of weeks ago.
In other news, Google is developing a competitor to the Apple Tracker product. They're referring to it as the G-Spot. The problem is that none of their developers can find one to test.
@helenS [quote]It appears to me that those companies have reached a peak, and there's nowhere to go but down.[/quote]
Probably not.
During the Pandemic:
Amazon grew its workforce by 100% Microsoft grew its workforce by 53% Google grew its workforce by 57% Facebook (Meta) grew its workforce by 94% Apple grew its workforce by 20%
The 4 companies, engaged in a hiring war, trying to poach each other's employees, and prospective employees, offering insane bonuses, jacking up software/hardware developers salaries and options by more than 100%. This hurt small companies, and created a shortage, forcing a lot of companies to hire offshore.
It was all speculative hiring, not based on real market data.
Guess which company did not announce major layoffs?
The market is stabilizing, into a "normal" cycle, and suddenly, when I have a development position open, I'm getting good resumes.
