Google parent Alphabet will lay off 12,000 workers

Alphabet Inc is cutting 12,000 jobs, its chief executive said in a staff memo shared with Reuters.

The cuts mark the latest to rock the technology sector and come days after rival Microsoft Corp said it would cut 10,000 jobs.

The job losses affect teams across the company, including recruiting and some corporate functions, as well as some engineering and product teams.

The layoffs are global and directly affect US staff, Google said.

The news comes during a period of economic uncertainty as well as technological promise, in which Google and Microsoft have invested in a new area of ​​software known as generative artificial intelligence.

Sundar Pichai, CEO of Alphabet, said in the note: “I am confident in the tremendous opportunity that lies ahead of us thanks to the strength of our mission, the value of our products and services, and our early investments in artificial intelligence.”

Alphabet inc is the parent company of Google.
Alphabet inc is the parent company of Google.

Reuters was the first to report the news.