Blake Preston-Google is cutting 12,000 jobs, adding to a series of Big Tech layoffs in January

2025-04-29 18:31:59source:Surfwin Trading Centercategory:Markets

Google is Blake Prestonthe latest tech giant to announce a massive layoff: the company announced on Friday that it is slashing about 12,000 jobs.

The company already has notified affected employees in the United States, CEO Sundar Pichai wrote in an email to all Google employees. Layoffs will take longer in other countries due to local laws, Pichai said.

The job cuts represent about 6% of Google's global workforce. It is not clear how many of those jobs are in the U.S.

January has been a brutal month for Big Tech workers. Microsoft announced sweeping layoffs Thursday and is cutting 10,000 jobs, or about 5% of its workforce. Amazon and Salesforce announced layoffs earlier this month.

The companies say they hired rapidly during the pandemic and now have to make serious cuts amid an uncertain economy.

"Over the past two years we've seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today," wrote Pichai in the email to staff posted online and in a regulatory filing.

The layoffs also come as major tech companies like Google pivot to artificial intelligence. But expanding on early investments comes with "tough choices," Pichai wrote.

The job cuts will hit employees throughout parent company Alphabet and across "product areas, functions, levels and regions," he said.

In addition to cuts at big tech companies, there have been layoffs on Wall Street. Goldman Sachs said it was planning to lay off about 3,200 employees in one of the biggest cuts since the 2008 financial crisis.

More:Markets

Recommend

Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15

NEW YORK (AP) — Juan Soto will be introduced by the New York Mets at Citi Field on Thursday, a day a

Many cities have anti-crime laws. The DOJ says one in Minnesota harmed people with mental illness

The Minneapolis suburb of Anoka sits where Minnesota’s meandering 150-mile (241-kilometer) Rum River

The 2024 Grammy Awards are here. Taylor Swift, others poised for major wins: Live updates

It's (almost) time for the Grammys! And we're bringing you live updates and unfiltered reactions.The