Tag Archives: cut

[unable to retrieve full-text content]Google to cut some of its perks to cut costs amid AI race  The Washington Post Source link

Google recently announced the largest-ever layoffs in the company’s 25-year history. The company is cutting 12,000 jobs, or roughly 6% of its full-time workforce. Days after the announcement, Google executives including CEO Sundar Pichai defended the job cuts during a companywide town hall. Pichai said that he consulted with the founders and controlling shareholders, Sergey Brin and Larry Page, as well as the board of directors about the layoffs. During the address Pichai indicated there… Source link

Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Google eliminated over 1,800 jobs in its home state California as part of the biggest round of layoffs in company history. On Friday, Alphabet-owned Google announced it was cutting 12,000 employees, roughly 6% of the full-time workforce. According to filings released by the state and viewed by… Source link

Google staff are overpaid and the tech giant must cut thousands more jobs, a British activist investor has said. Sir Chris Hohn, who previously donated to Extinction Rebellion, wrote in a letter dated January 20 that Google’s 12,000 layoffs did not cut deep enough to reduce bloat at the tech giant. The billionaire founder of The Children’s Investment Fund Management (TCI) , who holds a $6bn stake in Google-parent company Alphabet, wrote to chief executive… 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

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

Microsoft (MSFT) announced on Wednesday that it is laying off 10,000 workers as part of an effort to cut costs at the tech behemoth. The layoffs impact roughly 4.5% of Microsoft’s 221,000 total employees. The cuts are expected to be completed by Microsoft’s fiscal Q3, which ends March 31. Microsoft says the layoffs will result in a $1.2 billion charge, representing -$0.12 per share. The Redmond-based company previously announced layoffs in October, shedding as many as 1,000 jobs, according… Source link

(Bloomberg) — Microsoft Corp. plans to cut jobs in a number of engineering divisions on Wednesday, according to a person familiar with the matter, joining the ranks of technology giants that are scaling back as the industry prepares for a prolonged slump in demand. Most Read from Bloomberg The magnitude of the cuts couldn’t be learned, but the person, who asked not to be identified discussing confidential matters, said the reduction will be significantly larger than other rounds at… Source link

(Adds Insider report, background) Jan 17 (Reuters) – Microsoft Corp plans to cut about 5% of its workforce, or about 11,000 roles, U.K broadcaster Sky News reported on Tuesday, citing sources. The reported layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand. Microsoft could cut recruiting staff by as much as one-third even as many teams have initiated a… Source link

(Reuters) -Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. Microsoft’s move could indicate that the tech sector may continue to… Source link