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
-
Kojo Adu Asare opens up on 6-year battle with kidney failure and GH₵2000 weekly dialysis cost
51 minutes -
Trump warns Taiwan against declaring independence, hours after summit with China’s Xi
1 hour -
ASAC 2026: Medals, finals and all the action from Day 4 through the lens
1 hour -
This Saturday on Prime Insight: Asante Akyem North MP arrest and free speech debate
3 hours -
Beckhams become billionaires as Oasis make rich list for first time
3 hours -
JoyNews Impact Makers Awards 2026 honours 12 changemakers transforming lives across Ghana
3 hours -
Fuel prices go up significantly from May 16 despite extension of government intervention
4 hours -
Konongo mine collapse: 10 rescued, one in critical condition
4 hours -
Nana Oye Addo hails Multimedia Group, urges citizens to drive national transformation at Impact Makers Awards
5 hours -
Valeria Adzo Adzatia wins top honour at 2026 JoyNews Impact Makers Awards
5 hours -
African Athletics Championships: Ghana claims bronze in men’s 4×100 relay
6 hours -
Interior Minister declares May 27 public holiday for Eid-Ul-Adha
6 hours -
Former champions UEW beat UCC to win 9th Peeva Mini GUSA Games football title
6 hours -
Media urged to champion gender equity as Gender Ministry drives implementation of Affirmative Action Act
6 hours -
Impact Makers submissions prove Ghana still has citizens committed to change – Judges Committee chair
6 hours