Alphabet’s Google To Layoff 12,000 Employees Globally
Google’s parent company Alphabet has announced that they’re going to fire nearly 12,000 employees worldwide. However the US staff will be the first to be affected.
Google’s parent firm, ALPHABET, disclosed on Friday that it will let go of some 12,000 workers globally. Most of the company’s technical and product teams will see layoffs.
The CEO, Sundar Pichai, reportedly said that while layoffs would take place worldwide, US workers would be the first to be impacted.
Additionally, he has fully accepted responsibility for the layoffs and given them his entire backing.
Pichai stated that the laid-off workers would receive full pay for the US equivalent of about sixty days’ notice.
In addition, the business will expedite at least 16 weeks of GSU vesting and pay 16 weeks’ compensation plus two extra weeks for each consecutive year of employment with Google.
In addition, Sundar Pichai stated in the email, “We’ll offer a severance payout starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU (Google Stock Unit) vesting.”
Along with receiving their 2022 bonuses and unused vacation time, the workers will also receive six months of medical care, assistance with finding a job, and immigration assistance for those who need it.
The support for the employees working outside the US will follow regional customs.
A few days prior, Alphabet’s parent firm, Microsoft Corp., announced that it would fire 10,000 employees from all divisions, including human resources, some corporate operations, and some engineering and product teams.
Microsoft Corp. the technology company that can, for example, create almost any material a user can think of and input in a text box, is now posing a threat to Alphabet.
Microsoft said that the corporation had to cut 10,000 positions, or even less than 5% of its employees, as a result of recessionary concerns.
Pichai asserts that a review of Alphabet’s personnel and strategic initiatives led to a workforce decrease that affected several geographical areas.