New Delhi: In a major shake-up in technology firms, Google’s parent company Alphabet Inc on Friday announced that it will slash upto 12,000 jobs, spreading across many offices in the world. Together, it will account for its 6% of its workforce.
The company termed it part of large-scale restructuring but the hard truth is that more than 12,000 people will be rendered jobless in near future.
Reports suggest that those employed in Google’s US offices have already received letter to this effect and those in other parts of the world will receive soon.
Fears of fresh slowdown & recession hasn’t spared any sector and is now taking toll on some of the biggest technology behemoths of the world.
Prior to Google, its rival firm Microsoft Corp also announced to lay off about 10,000 of its staff. Amazon & Facebook-turned Meta have already announced job cuts to trim losses.
What Pichai told staff in letter
According to reports, Google CEO Sundar Pichai has written a note to the outgoing staff and assured them a ‘smooth transition’.
The company will pay its employees for full 60 days and will also offer a severance package starting at sixteenth week’s salary. Some employees will have opportunity to receive bonuses & healthcare benefits as per their contracts. For those working outside the US, the rules of severance will be governed by the existing condition in respective countries.
Other tech firms which announced layoffs
Layoff in Google was anticipated last year, after it reportedly stopped bonuses for staff. Though, lot many tech biggies in US have announced retrenchments which include South America tech giants including HP, Adobe, and Salesforce.
In India, leading tech firms which announced job cuts include Swiggy, Dunzo & more.