By Emmanuel Adeleke
Google’s parent firm, Alphabet Inc., has announced plans to sack 12,000 of its workers.
Alphabet’s Chief Executive Officer (CEO), Sundar Pichai, disclosed this in a memo sent to employees via email on Friday
The cut by the American multinational technology conglomerate, represents more than six per cent of the company’s global workforce.
According to Reuters, Pichai, in the memo, said decisions had to be made especially “for a different economic reality than the one we face today.”
“I take full responsibility for the decisions that led us here.
“I am 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,” the CEO said.
The job cuts will be affecting many sections of the company, including some engineering and products teams.
The memo noted that the layoffs are global, adding that staff in the United States will be affected immediately.
It added that affected employees have been emailed while the process will take longer in other countries due to local employment laws and practices.
Meanwhile, Alphabet’s rival, Microsoft, also said it would lay off about 10,000 of its workforce, as it responds to “macroeconomic conditions and changing customer priorities.”
In recent times, international conglomerates like Amazon and Goldman Sachs have resorted to job cuts to cope with global economic shocks.