ZH: 'I have difficult news to share': Google CEO tells employees 12,000 jobs will be cut

Business, Technology, Internet and network concept. Young busine

© Marina Putilova

By LoadstarEditorial

20/01/2023

ZERO HEDGE reports:

Google parent Alphabet Inc. on Friday became the latest addition to an increasing list of technology companies that have announced plans to reduce headcount because of overhiring during the last several years and fears of recession.

The company plans to fire 12,000 employees or reduce headcount by about 6% — the largest-ever round of layoffs for the tech firm.

Chief Executive Officer Sundar Pichai wrote an email to employees about the layoffs on Friday, posted on the company’s blog, titled “A difficult decision to set us up for the future.”

The full post can be read here.

Comment on this article

You must be logged in to post a comment.

Topics

Google Zero Hedge China

Most read news

Etail by air – here to stay or on a short shelf life?

HMM sees opportunities in Hapag-Lloyd’s exit from THE Alliance

How crazy is this: DSV goes hostile on Expeditors or CH Robinson?

The rise and rise of China's ecommerce platforms

Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline

Legal battle heats up over 'unseaworthy' and 'reckless' MV Dali

Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban

Another strong month for US ports as container flows continue to rise

DSV chief reticent on Schenker: the focus on growing market share

MSC redeploys 'Israel-linked' box ships away from Persian Gulf

Boxes piling into Mexican ports – but then piling up

Evergreen clients signing transpac contracts as Red Sea crisis props up rates

Liners add capacity to Asia-ECSA as ocean rates hit 18-month high

WSC asks US court to order FMC to correct 'inconsistent' new D&D rules

K+N looks past Q1 revenue drop to improved margins from restructure

US intermodal picking up steam as trucking woes continue