Alphabet will cut 12 thousand employees – News – Hi-Tech – Kommersant

Alphabet Corporation will cut about 12 thousand employees, that is, more than 6% of its employees worldwide. About this today, January 20, wrote American media referring to a letter sent by Alphabet CEO Sundar Pichai to employees. The cuts will affect a wide variety of company divisions from development teams to HR and other corporate services, both in the US and in other countries. “This is an important moment to focus our attention, restructure our spending structure and direct our talent and capital to our top priorities,” Pichai wrote.

Alphabet has become the latest tech company to lay off employees amid a difficult macroeconomic environment and a downturn in the online advertising market. Company net profit fell in the third quarter by almost 30%, to $13.9 billion, while revenue showed the weakest growth in a decade – 6%. As reported on Thursday CNBC with reference to Alphabet internal documents. The company has also delayed until March the payment of part of its annual employee bonuses, normally paid in full in January.

Earlier this week Microsoft announced on the reduction of 10 thousand employees, before that Meta (recognized as extremist in the Russian Federation and banned) reduced 11 thousand employees. According to the service Layoffs.fyilast year in the technology sector, a total of more than 150 thousand employees were laid off, and since the beginning of 2023, almost 39 thousand (excluding Alphabet).

Yana Rozhdestvenskaya