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Approximately 12,000 employees will be let go by Google as part of the future-proofing measures
After Microsoft announced 10.000 Lay Offs, Google now follows suit. In a blog post titled "A difficult decision to set us up for the future," Google CEO Sundar Pichai announced that the company will be laying off approximately 12,000 employees, representing 6% of its total workforce.
The layoffs will primarily impact US employees first and international employees second, as the company must comply with local laws in each country. The decision was made in response to the current economic climate and a slight downturn in the tech industry. Pichai stated, "This is never an easy decision, but it is one that is necessary to set us up for the future." The cost of the layoffs is estimated to be around $1.1 billion (converted from JPY 110 billion) which Google says it will take as a charge in the second quarter of 2020.
Sundar Pichai
I have some difficult news to share. We've decided to reduce our workforce by approximately 12,000 roles. We've already sent a separate email to employees in the US who are affected. In other countries, this process will take longer due to local laws and practices. This will mean saying goodbye to some incredibly talented people we worked hard to hire and have loved working with. 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.
Dimitrios1983
Senior Member
Posts: 341
Joined: 2018-03-01
Senior Member
Posts: 341
Joined: 2018-03-01
#6095145 Posted on: 01/20/2023 08:27 PM
I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
I just don't get it. We just gave UKRAINE and Africa 100+ Billion ( correct me if I'm a little off ) but why can't we use that money for our country?
chispy
Senior Member
Posts: 9553
Joined: 2006-10-29
Senior Member
Posts: 9553
Joined: 2006-10-29
#6095150 Posted on: 01/20/2023 08:37 PM
Gentleman we are entering a world wide big recession and things are just starting to go sour , it will get really bad going forward , it's not only Google , Microsoft , Meta and Twitter who are affected, we all are as well.
Gentleman we are entering a world wide big recession and things are just starting to go sour , it will get really bad going forward , it's not only Google , Microsoft , Meta and Twitter who are affected, we all are as well.
SamuelL421
Senior Member
Posts: 259
Joined: 2017-08-22
Senior Member
Posts: 259
Joined: 2017-08-22
#6095162 Posted on: 01/20/2023 09:11 PM
The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business.
Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Yep and i already posted in the M$ thread that there's a lot of companies that are going to lay off staff and that a big recession in almost guarnteed in 2023.
Gentleman we are entering a world wide big recession and things are just starting to go sour , it will get really bad going forward , it's not only Google , Microsoft , Meta and Twitter who are affected, we all are as well.
The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business.
Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Reardan
Senior Member
Posts: 558
Joined: 2014-09-21
Senior Member
Posts: 558
Joined: 2014-09-21
#6095171 Posted on: 01/20/2023 09:41 PM
The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business.
Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Anyone who doubts this, feel free to look up employee counts for the various companies over time. Laying off double this number wouldn't even reduce them to the employee counts they had at the beginning of 2022.
The tech layoff announcements are way overblown by media. The gist is that all the big players - Google, MS, Apple, Meta, Amazon, Salesforce, Oracle, IBM, etc, etc ...- they all over-hired like crazy during the pandemic frenzy of growth in tech. The positions that are being cut in the industry are almost entirely HR / recruiting and redundant junior technical positions (part of that overhiring) to hedge bets against the possibility of continued crazy fast growth. These positions were always part of a boom/bust cycle in the tech sphere and the vast majority are (IMO useless) HR and recruiting roles. Major media outlets get eyeballs by spinning this as "Big tech company lays off 5% of workforce!!". Sure... but the part not being reported is how this particular 5% of the workforce is either a redundant (often junior) role or completely non-technical / not contributing to the bottom-line of the business.
Long story short, tech companies shedding these roles does not = scary recession. That's not to say a scary recession isn't coming at some point, but these layoffs were always in the cards once big tech's pandemic hiring frenzy stopped.
Anyone who doubts this, feel free to look up employee counts for the various companies over time. Laying off double this number wouldn't even reduce them to the employee counts they had at the beginning of 2022.
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Senior Member
Posts: 2475
Joined: 2010-05-26
Yep and i already posted in the M$ thread that there's a lot of companies that are going to lay off staff and that a big recession in almost guarnteed in 2023.