Wednesday, February 08, 2023

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Silicon Valley layouts continues unabetted

Silicon Valley layouts continues unabetted

In a series of layouts, the Big Tech league of Amazon, Meta and Microsoft, Google's parent company Alphabet is now laying off 12,000 employees, or about 6 percent of its workforce. 

Alphabet and Google CEO Sundar Pichai, in an internal memo announced the layoffs that are across the verticals, including engineering, product, recruiting and corporate teams. The layoffs at Google's parent company were expected amid the deepening funding winter that has hit companies of all sizes in the global slowdown and recession fears.

Microsoft Chairman and CEO Satya Nadella said earlier this week that the company will be "making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.".

Over 1,600 tech employees are being laid off per day on average in 2023 globally, including in India, and the sacking episodes have gained speed amid global economic meltdown and recession fears.

Alphabet and Google CEO Sundar Pichai on Friday said that he is "deeply sorry" for reducing the workforce by approximately 12,000 roles, and takes "full responsibility for the decisions that led us here". In an email to employees, Pichai said the company has already sent a separate email to employees in the US who are affected by the layoffs. "In other countries, this process will take longer due to local laws and practices," he added.

The roles the company is eliminating cut across Alphabet, product areas, functions, levels, and regions.

Silicon Valley layouts continues unabetted

Silicon Valley layouts continues unabetted

In a series of layouts, the Big Tech league of Amazon, Meta and Microsoft, Google's parent company Alphabet is now laying off 12,000 employees, or about 6 percent of its workforce. 

Alphabet and Google CEO Sundar Pichai, in an internal memo announced the layoffs that are across the verticals, including engineering, product, recruiting and corporate teams. The layoffs at Google's parent company were expected amid the deepening funding winter that has hit companies of all sizes in the global slowdown and recession fears.

Microsoft Chairman and CEO Satya Nadella said earlier this week that the company will be "making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.".

Over 1,600 tech employees are being laid off per day on average in 2023 globally, including in India, and the sacking episodes have gained speed amid global economic meltdown and recession fears.

Alphabet and Google CEO Sundar Pichai on Friday said that he is "deeply sorry" for reducing the workforce by approximately 12,000 roles, and takes "full responsibility for the decisions that led us here". In an email to employees, Pichai said the company has already sent a separate email to employees in the US who are affected by the layoffs. "In other countries, this process will take longer due to local laws and practices," he added.

The roles the company is eliminating cut across Alphabet, product areas, functions, levels, and regions.

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