• Alphabet Inc is reportedly planning to layoff 12,000 employees from its global operations
• The layoffs will affect teams from corporate services, recruitment, and engineering
• CEO Sundar Pichai said the company went on a hiring spree in preparation „for a different economic reality than the one we face today“
American multinational technology company Alphabet Inc (NASDAQ: GOOGL) is reportedly planning to layoff 12,000 workers from its global operations, according to a memo reviewed by Reuters. The layoffs will affect every aspect of its business operation, including teams from corporate services, recruitment, and engineering.
Chief Executive Officer Sundar Pichai took full responsibility for the decisions that lead the company to its current state. He stated that the company had gone on a hiring spree in preparation „for a different economic reality than the one we face today.“ The global economy has been tested remarkably throughout 2022 with the lingering effect of the coronavirus pandemic and the outbreak of a war between the duo of Russia and Ukraine.
The war has lasted for more than 10 months and has had a significant impact on the global economy. Companies such as Alphabet Inc have had to face the harsh reality of having to layoff a portion of its workforce in order to remain competitive and sustainable. Alphabet Inc’s 12,000 layoff will represent some 6% of the company’s workforce and the impact of the layoffs will be immediately felt in the United States.
The company has yet to officially comment on the memo and news of the layoffs. However, it is clear that Alphabet Inc is taking the necessary steps to remain competitive in the current economic climate. The layoffs are a hard pill to swallow, but it is necessary for the company to remain sustainable and prepare for a more prosperous economic future.
