Big layoffs at Google. 12 thousand people got the email. Sundar Pichai: I’m sorry

“I have bad news to share. We have decided to reduce our workforce by approximately 12,000 positions. We have already sent a separate email to affected US employees. In other countries, the process will take longer due to local laws and regulations. practice,” reads the beginning of a message quoted by Google’s CEO on Friday to employees.

Google announces layoffs. The company will pay bonuses

“It will mean saying goodbye to some incredibly talented people. We worked hard to hire them and we loved working with them. I am so sorry about this. The fact that these changes will affect the lives of employees is very important to me and I take full responsibility for the decisions that brought us here,” Sundar Pichai wrote to the laid-off workers. “Over the past two years, we have witnessed periods of dramatic growth. In order to meet and drive this growth, we hired workers in a different economic reality than the one we face today” – he added.

Google’s CEO thanked laid-off employees for their hard work. Your contribution has been invaluable and we are grateful for it. He also announced that the company will pay remuneration to employees employed in the entire period of notice (minimum 60 days). The company will also offer severance package and pay bonuses for 2022 and . For employees employed outside of the United States, Google “will support in accordance with local practices.”

“As a nearly 25-year-old company, we are doomed to difficult economic cycles. These are important moments to sharpen our focus, reorganize our cost base and direct our talent and capital to the highest priorities,” said Sundar Pichai.

Not only Google. Microsoft, Meta, Amazon and Twitter are also slowing down

Thus, Google joined the group of American technology giants that have recently introduced large-scale restructuring. On Wednesday, Microsoft announced that it would cut its workforce by 10,000 in the coming months. In turn, in November, Mark Zuckerberg, the owner of the Meta company, which includes, among others, Facebook and Instagram, .

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that the reduction of employment in his company will cover about 18,000 people. employees. During the same period, several thousand Twitter employees were also left behind. When Elon Musk took over the popular social networking site, he announced cost cuts and increased work efficiency. About 3.7 thousand people left the social network then. half of the employees. Another thousand people resigned.

According to the HR consulting company Challenger, Gray & Christmas, it was the technology sector that eliminated the most jobs in 2022 – approx. 97,000, which is an increase of nearly 650 percent. compared to the previous year.