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Google has announced it will axe 12,000 staff, joining its peers in the technology world that have responded to economic pressures with a wave of job cuts. The cuts will affect around 6 per cent of the total workforce of its owner Alphabet and forms part of an industry-wide cull that has affected more than 50,000 people across just four Big Tech companies — Amazon, Meta, Microsoft and Alphabet. In a letter to employees on Friday, Alphabet chief executive Sundar Pichai said the roles… Source link

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,… Source link

Alphabet, the parent company of Google, said on Friday that it plans to cut 12,000 jobs, becoming the latest technology company to reduce its work force after a hiring spree during the pandemic and amid concerns about a broader economic slowdown. The job cuts are the company’s largest ever, amounting to about 6 percent of the company’s global work force. Sundar Pichai, Alphabet’s chief executive, said the company expanded too rapidly during the pandemic, when demand for digital… Source link

Happy nearly Lunar New Year’s Eve, reader. I’m Diamond Naga Siu, and I’m excited to hop into the Year of the Rabbit. This New Year I’m reflecting on old traditions — I think a lot of new things benefit from the influence of the old and vice versa. A perfect example of this is the viral technology ChatGPT. ChatGPT makes a lot of people nervous (here’s everything you need to know about it, BTW). People more scholarly than I am are worried about cheating, plagiarism, and more issues. But I’m… Source link

Google parent Alphabet Inc. is cutting 12,000 jobs worldwide in the latest round of layoffs to hit the technology sector. CEO Sundar Pichai announced the cuts in a memo to Google employees that was later shared online in a company blog post. “This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with,” Pichai said. “I’m deeply sorry for that. The fact that these changes will impact the lives of Googlers weighs heavily on me, and I take… Source link

Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images Google’s parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. Sundar Pichai, Alphabet’s CEO, said in a staff memo shared with Reuters that the company had rapidly expanded headcount in recent years “for a different economic reality than the one we face today.” “I take full responsibility for the decisions that led us here,” he said. The cuts… Source link

By Jeffrey Dastin (Reuters) – Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 4% in morning trade. The cuts come at a delicate moment for the U.S. company, which has long been the leader in key areas of AI research. Alphabet now faces a challenge from Microsoft Corp in a branch of tech… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 20, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. Corporate earnings season will be in full swing by the end of next week. Big banks, airlines, and Netflix (NFLX) have all released… Source link

Happy nearly Lunar New Year’s Eve, reader. I’m Diamond Naga Siu, and I’m excited to hop into the Year of the Rabbit. This New Year I’m reflecting on old traditions — I think a lot of new things benefit from the influence of the old and vice versa. A perfect example of this is the viral technology ChatGPT.  ChatGPT makes a lot of people nervous (here’s everything you need to know about it, BTW). People more… Source link

Google’s Advanced Technology Review Council, a panel of executives that includes Jeff Dean, the company’s senior vice president of research and artificial intelligence, and Kent Walker, Google’s president of global affairs and chief legal officer, met less than two weeks after ChatGPT debuted to discuss their company’s initiatives, according to the slide presentation. They reviewed plans for products that were expected to debut at Google’s company conference in May, including Image… Source link