Google Parent Alphabet to Cut 12,000 Jobs

Google parent Alphabet Inc. GOOG 2.32%increase; green up pointing triangle said it plans to eliminate roughly 12,000 jobs, reducing its staff by 6% and marking the company’s largest-ever round of layoffs as it copes with a darkened economic outlook.

The reductions will cut across Alphabet units and geographies, the company said, though some areas, including recruiting and projects outside of the company’s core businesses, would be more heavily affected. 

The cuts follow a wave of layoffs at other technology companies in recent months, including Microsoft Corp., MSFT -1.65%decrease; red down pointing triangle Amazon.com Inc. AMZN -1.86%decrease; red down pointing triangle and Meta Platforms Inc.

Those cuts have been part of a broader pivot toward protecting profit and cementing the end of a growth-at-all costs era in technology. Google executives have in recent months said the company would be tightening its belt, reflecting a new period of more disciplined and efficient spending. But the company hadn’t announced cuts as deep as those of its Silicon Valley peers. 

Read More (...)