Google’s parent company, Alphabet becomes the latest tech company to cut jobs. Almost 6% of the workforce worldwide will lose their jobs, 12 000 jobs down into the toilet despite the amount of money they make through online advertising.
“We’ve undertaken a rigorous review across product areas and functions to ensure that our people and roles are aligned with our highest priorities as a company,” Google and Alphabet CEO Sundar Pichai, wrote in a blog post.
“This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take full responsibility for the decisions that led us here.”
He went on to say: “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.”
“As an almost 25-year-old company, we’re bound to go through difficult economic cycles,” he wrote.
“These are important moments to sharpen our focus, re-engineer our cost base, and direct our talent and capital to our highest priorities.”