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
-
ICE sees it as a high-profile case, not routine – Ghanaās US High Commissioner on Ofori-Atta detention
2 hours -
ICE confirmed Ken Ofori-Atta was medically fit for detention – Victor Smith
3 hours -
āHe shut the door in our facesā – Ghanaās envoy reacts to Ken Ofori-Atta decision
3 hours -
Cup holders PSG knocked out by Paris FC
5 hours -
Why Alonso’s reign is over at Real Madrid
6 hours -
FBI involvement raises stakes in Ken Ofori-Atta detention – Ghanaās US Envoy
6 hours -
‘Miracle baby’ born in a tree above Mozambique floodwaters dies aged 25
6 hours -
After years of losses, BoG tightens controls and slashes fees in Gold Programme overhaul
6 hours -
Minnesota sues Trump administration to block surge of ICE agents
7 hours -
Trump to meet Venezuelan opposition leader Machado at the White House
7 hours -
Trump announces 25% tariff on countries doing business with Iran
7 hours -
How BoGās gold strategy quietly pulled in $17bn and held the economy together
7 hours -
Ghana Water targets the end of January 2026 to resolve Teshie water crises
8 hours -
All UG students who overpaid fees will be refunded ā Deputy Education Minister
8 hours -
Majeed Ashimeru set for La LouviĆØre loan switch from Anderlecht
8 hours
