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“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 full responsibility for the decisions that led us here.
While Pichai said the company was “bound to go through difficult economic cycles,” he said he felt “confident about the huge opportunity in front of us thanks to the strength of our mission, the value of our products and services, and our early investments in AI.” Pichai said workers in the U.S. would be paid during the full notification period, a minimum of 60 days.
Workers would also be offered severance packages starting at 16 weeks salary, plus two weeks for every additional year at Google, with 2022 bonuses and remaining vacation time also expected to be paid, he said. Pichai added that workers would also be offered six months of healthcare, job placement services and immigration support if needed.Pichai said a townhall for workers was being organized for Monday.
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