Google is to lay off 12,000 employees amid something of a pandemic reckoning for technology companies that recruited heavily in recent years and are now facing harsh realities of a cooling economy.
In an email sent to employees today, Sundar Pichai, CEO of Google and its parent Alphabet, said: “Over the past two years we’ve seen periods of dramatic growth. To match this and fuel that growth, we hired for a different economic reality than the one we face today.”
In calendar Q1 of 2020,…
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