Audio By Carbonatix
Alphabet, the parent company of Google, has indicated it plans of cutting 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 company’s largest ever, amounting to about 6 per cent of the company’s global workforce.
Sundar Pichai, Alphabet’s 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 company’s future, like artificial intelligence.
“We hired for a different economic reality than the one we face today,” Mr Pichai said in a note to employees posted on the company’s 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
-
Deborah Okailey Quarcoo: Are girls born to have dreams or just to marry
7 minutes -
Sanity is your greatest asset – Alsale CEO Nana Boakye Kanto urges Ghanaians
9 minutes -
GRA applauds KGL Group for paying GH¢153m in taxes, urges nationwide compliance
28 minutes -
Ghana to host 30-man Zambian delegation to forge FinTech and cybersecurity alliances
38 minutes -
Pilot International charters historic 1st club in Africa; launches Pilot International Club of Accra, Ghana
38 minutes -
Canadian High Commissioner warns World Cup ticket does not guarantee Visa
40 minutes -
Ghana to open diplomatic mission in Singapore to boost trade, investment and cooperation
49 minutes -
I don’t want to die without a trace – Alsale CEO Nana Boakye Kanto on building a legacy
49 minutes -
Ghana, Italy deepen cybersecurity cooperation to safeguard digital future
60 minutes -
Communications Minister explores partnership with Code Raccoon to boost digital training
1 hour -
FirstBank Ghana holds maiden edition of SME Connect Workshop
1 hour -
Communications Minister holds talks with Ugandan delegation on continental parliamentary conference
1 hour -
Honouring 51 Years of Legal Excellence: Mr. Tsatsu Tsikata, Ghana’s King of Law, and the Voice of Justice
2 hours -
AG’s move to take over OSP cases ‘farcical’ — Edem Senanu
2 hours -
Police declare 3 suspects wanted over robbery killing of Berekum Chelsea player
2 hours