Audio By Carbonatix
Alphabet, the parent company of Google, has indicated it plans of cuttingĀ 12,000 jobs to reduce its workforce after a hiring spree during the pandemic and amid concerns about a broader economic slowdown.
The job cuts are the companyās largest ever,Ā Ā amounting to about 6 per cent of the companyās global workforce.
Sundar Pichai, Alphabetās chief executive, said the company expanded too rapidly during the pandemic when demand for digital services boomed, and now must refocus on products and technology core to the companyās future, like artificial intelligence.
āWe hired for a different economic reality than the one we face today,ā Mr Pichai said in a note to employees posted on the companyās website.
Google joins a list of other technology companies that have laid off workers after concluding they had overextended under the belief that the pandemic-fueled boom represented a new normal.
Amazon, Meta, Microsoft and Twitter are among others who have announced thousands of job cuts.
More than 190,000 jobs have been cut by technology firms since the start of 2022, according to Layoffs.fyi, a website that tracks job cuts in the industry.
The moves mark the end of a period in which the technology industry experienced uninterrupted growth, expanded rapidly and battled for employees with lavish perks and high pay.
Google, started in 1998, helped define a Silicon Valley work culture that influenced corporations far beyond the technology sector.
Alphabet had nearly 187,000 employees as of the end of September 2022, compared with about 150,000 a year earlier.
The company said the job cuts would cut across product areas, job responsibilities and geographies.
It comes at a time when Google is facing new competition from rivals offering new ways to search for information on the internet.
ChatGPT, created by a company called OpenAI, has dazzled users by providing clearly written answers to questions and queries.
Latest Stories
-
Matthew McConaughey trademarks iconic phrase to stop AI misuse
23 minutes -
Song banned from Swedish charts for being AI creation
29 minutes -
Barcelona reach Copa del Rey quarter-finals
38 minutes -
Players need social skills for World Cup – Tuchel
42 minutes -
Labubu toy manufacturer exploited workers, labour group claims
47 minutes -
Lawerh Foundation, AyaPrep to introduce Dangme-language maths module
1 hour -
US forces seize a sixth Venezuela-linked oil tanker in Caribbean Sea
1 hour -
Votes being counted in Uganda election as opposition alleges rigging
2 hours -
Ntim Fordjour accuses government of deliberate LGBT push in schools
2 hours -
National security task force storms ātrotroā terminals to halt illegal fare hikes
2 hours -
U.S. visa restriction development for Ghana concerning ā Samuel Jinapor
2 hours -
Uganda election chief says he has had threats over results declaration
2 hours -
Quality control lapses allowed LGBT content into teachersā manual ā IFEST
2 hours -
Akufo-Addoās name will be āwritten in goldā in Ghanaās history in the fullness of time ā Jinapor
2 hours -
Tread cautiously about financial hedging ā US-based Associate Professor to BoG
2 hours
