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Google parent Alphabet to put off 12,000 staff

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

The cuts mark the newest to shake the technology sector and are available days after rival Microsoft Corp said it will lay off 10,000 staff.

The job losses affect teams across the corporate including recruiting and a few corporate functions, in addition to some engineering and products teams.

The layoffs are global and impact U.S. staff immediately, Google said.

The news comes during a period of economic uncertainty in addition to technological promise, during which Google and Microsoft have been investing in a fledgling area of software referred to as generative artificial intelligence.

Sundar Pichai, Alphabet’s CEO, said within the note, “I’m confident in regards to the huge opportunity in front of us due to the strength of our mission, the worth of our services, and our early investments in AI.”

Alphabet inc is Google’s parent company.Reuters

Reuters was first to report the news.

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