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Nairaland Forum / Science/Technology / Programming / Google Parent Alphabet To Cut 12,000 Jobs (11640 Views)
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Google Parent Alphabet To Cut 12,000 Jobs by MindHacker9009(m): 3:40pm On Jan 20, 2023 |
Hmmm! Google's parent company Alphabet will cut 12,000 jobs, in the latest staff redundancies to hit the tech industry. Google and Alphabet CEO Sundar Pichai said he took "full responsibility" for the cuts, in an internal email. The cuts will affect 6% of Alphabet's workforce worldwide, in teams including recruitment and engineering. This comes days after Microsoft announced 10,000 jobs would be lost, and weeks after Amazon announced 18,000 job cuts. Mr Pichai thanked staff for "working so hard" in their roles, adding that their "contributions have been invaluable". He wrote: "While this transition won't be easy, we're going to support employees as they look for their next opportunity. "Until then, please take good care of yourselves as you absorb this difficult news. As part of that, if you are just starting your work day, please feel free to work from home today." According to a recent filing with Companies House, Google has more than 5,500 staff in the UK. But it is unclear how many of these will be affected by the cuts. 'Unsustainable' Mr Pichai announced severance packages for US employees, who will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage. He said he remained "optimistic about our ability to deliver on our mission, even on our toughest days". Wall Street welcomed the cuts - Alphabet shares rose by 3.5% in electronic trading before the stock market opened. Analysts have said tech's big guns had previously overspent, not seeing a slowdown on the horizon. Are tech job cuts a warning for the wider economy? What is behind the big tech companies' job cuts? Daniel Ives of Wedbush Securities said the layoffs highlight irresponsible spending across a sector basking in "hypergrowth". "The reality is tech stalwarts over-hired at a pace that was unsustainable and now darker macro is forcing these layoffs across the tech space," he said. According to tech site Layoffs.fyi, nearly 194,000 industry employees have lost their jobs in the US since the beginning of 2022, not including those announced by Alphabet on Friday. Hewlett Packard and cloud computing giant Salesforce also announced major cuts this month, as rampant inflation and rising interest rates have slowed growth. US tech giants have also been facing scrutiny in the European Union, which has started enforcing regulations to stop them avoiding tax, stifling competition, profiting from news content without paying and serving as platforms for disinformation and hate. Source: https://www.bbc.co.uk/news/technology-64346921 2 Likes |
Re: Google Parent Alphabet To Cut 12,000 Jobs by sofeo(m): 4:05pm On Jan 20, 2023 |
It's getting real bro 4 Likes |
Re: Google Parent Alphabet To Cut 12,000 Jobs by truthCoder: 4:27pm On Jan 20, 2023 |
Hnmmm |
Re: Google Parent Alphabet To Cut 12,000 Jobs by tensazangetsu20(m): 4:41pm On Jan 20, 2023 |
The almighty Google o. Hmmmm and companies that people looked down on are even giving bonuses. Mercedes Benz just paid all their devs 7000 euros bonus. Apple isn't laying off and didn't lay off in 2001 and she's seen as the least prestigious amongst the faang. It seems the faang hype might die down after all these layoffs. I really pity those from third world countries who are on H1Bs. It's 60 days to find a new job or go back home. For Nigerians that can mean a possibility of coming back to emilokan God forbid sha. 39 Likes 2 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by Saverin: 4:52pm On Jan 20, 2023 |
tensazangetsu20: Enjoy https://mobile.twitter.com/ItuaJiv/status/1616135669566570496?t=lS7rj9oJWTM4H583ieO-zg&s=19 4 Likes |
Re: Google Parent Alphabet To Cut 12,000 Jobs by truthCoder: 4:59pm On Jan 20, 2023 |
tensazangetsu20: Apple will lay off. They dont have a choice. Sales has been lower than expected and the company is investing heavily in its R & D at the moment especially the commitments to the new silicon chip, which thankfully, is paying off, though slowly. Then there is the China wahala of chips war and assembly line crises. The world economy is leaner. Products have to become cheaper. The Apple mini which recently launched is being offered at a starting price of $599. This is lower by $100 when compared to the previous generation. Apple doesn’t reduce price except something is going on. 30 Likes 2 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by tensazangetsu20(m): 5:04pm On Jan 20, 2023 |
truthCoder: Well lets see sha. If Apple does so the Faang hype might die down as those were seen as the most secured jobs in the industry. The truth is those Americans or others from well-developed nations no get issue na third worlders wey dey on H1B go suffer. Its impossible to find a new job in 60 days time. 4 Likes 2 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by tensazangetsu20(m): 5:06pm On Jan 20, 2023 |
Saverin: I just pray it doesnt happen. I had to fight for everyone in my house to get PVC so obi can get more votes. Hmmmm 8 Likes |
Re: Google Parent Alphabet To Cut 12,000 Jobs by truthCoder: 5:28pm On Jan 20, 2023 |
tensazangetsu20: Lets do some math 12,000 workers is 6% of Google’s staff strength. Which means Google staff strength is 200,000 employees. At an average salary of $72,000 means the payroll is $14.4 billion per annum By sacking 12,000 in January, they have saved $1 billion in payroll costs 43 Likes 3 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by VeryWickedGoat: 6:51pm On Jan 20, 2023 |
Make e no affect my porn search o 22 Likes 4 Shares
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Re: Google Parent Alphabet To Cut 12,000 Jobs by opalu: 6:51pm On Jan 20, 2023 |
Wow |
Re: Google Parent Alphabet To Cut 12,000 Jobs by CursedOsuPigs: 6:52pm On Jan 20, 2023 |
Wow! 1 Like |
Re: Google Parent Alphabet To Cut 12,000 Jobs by kollinz1234(m): 6:52pm On Jan 20, 2023 |
I did not read the post but I know that with his questionable identity Age discrepancy Health challenges Corrupt tendencies linkage to drug deals Alongside Muslim Muslim tickets, Tinubu cannot win Nigeria presidential election. 13 Likes 1 Share |
Re: Google Parent Alphabet To Cut 12,000 Jobs by GeneralPula: 6:53pm On Jan 20, 2023 |
. |
Re: Google Parent Alphabet To Cut 12,000 Jobs by LikeAking: 6:55pm On Jan 20, 2023 |
Ok, we Don here. 1 Like |
Re: Google Parent Alphabet To Cut 12,000 Jobs by adebayo201: 6:57pm On Jan 20, 2023 |
After covid effects is real 1 Like 2 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by Legitmatazz: 6:57pm On Jan 20, 2023 |
Google and their mediocre news
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Re: Google Parent Alphabet To Cut 12,000 Jobs by wman(m): 6:58pm On Jan 20, 2023 |
The layoffs have started. Some of their developers have been lamenting on Twitter, even the senior developers that you think they won't get laid off. Tech companies over-hired as a result of COVID-related growth. Then they could not sustain the growth post-COVID. 30 Likes 3 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by MANNABBQGRILLS: 6:59pm On Jan 20, 2023 |
God save our world 2 Likes 3 Shares |
Re: Google Parent Alphabet To Cut 12,000 Jobs by stano2(m): 7:00pm On Jan 20, 2023 |
Nawa oo |
Re: Google Parent Alphabet To Cut 12,000 Jobs by Gohs: 7:03pm On Jan 20, 2023 |
If Google can be sending workers away, it means we Africans should learn to create jobs for ourselves. . . Let's vote Peter Obi to boost agriculture jobs in Nigeria Labour Party all the waayy... 12 Likes 1 Share |
Re: Google Parent Alphabet To Cut 12,000 Jobs by jimetagambo: 7:05pm On Jan 20, 2023 |
Party over. Covid tech boom is bursting. This week alone: 10,000 at Microsoft 18,000 at Amazon 12,000 at Google. tensazangetsu20:93,000 employees. 4 Likes 1 Share
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Re: Google Parent Alphabet To Cut 12,000 Jobs by motionarena: 7:05pm On Jan 20, 2023 |
VeryWickedGoat: Why are u useless to yourself and ur family 3 Likes |
Re: Google Parent Alphabet To Cut 12,000 Jobs by Backpedal: 7:05pm On Jan 20, 2023 |
tensazangetsu20: That is why it's good to be frugal and save a lot of your income when you are on H1B or any other type of sponsorship in any country. At least for Nigerians with sense They can relocate to another country while trying their hands on express entry Or if the money big enough Use it to enter UK as a student For some Nigerians that I know who fled;; coming back in such fashion is NOT an option 8 Likes 1 Share |
Re: Google Parent Alphabet To Cut 12,000 Jobs by Ireportlive: 7:06pm On Jan 20, 2023 |
Let's blame Tinubu 1 Like |
Re: Google Parent Alphabet To Cut 12,000 Jobs by seanwilliam(m): 7:07pm On Jan 20, 2023 |
Ha. Incoming sapa 1 Like |
Re: Google Parent Alphabet To Cut 12,000 Jobs by tensazangetsu20(m): 7:08pm On Jan 20, 2023 |
Backpedal: Definitely save. I am seeing some people even buy houses and cars while they are still on H1B. People are insanely optimistic. Honestly, for a foreign student Canada is the best option as you qualify for a PR immediately you graduate. The route to american PR is long and unforgiving and to think even getting the h1b is a lottery and not even automatic. 8 Likes 1 Share |
Re: Google Parent Alphabet To Cut 12,000 Jobs by jimetagambo: 7:12pm On Jan 20, 2023 |
tensazangetsu20:That H1B visa is real lotto. 2 Shares
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