Google's parent company, the A, is cutting staff, following the same path as the rest of the tech giants
As announced, the company lays off 12.000 employees, after deciding to reduce staff by 6% worldwide.
Ο CEO Sundar Pichai said it was "very sorry" to the workers as it was a "difficult decision". Alphabet had made several hirings in previous years to cope with the demands of the pandemic, however, according to Pichai,
In recent weeks, other technology companies have gone ahead with mass layoffs for financial reasons.
Google saw its profits to decrease by 27% the last quarter compared to the previous year, as a result of which it has to reduce expenses. It is noted that in the previous two weeks, Microsoft, Amazon and Meta laid off 10.000, 18.000 and 11.000 employees respectively.
Google initially cut other costs by shutting it down Stadia and canceling them next-generation Pixelbook laptops. The main goal of the company is to focus on artificial intelligence, offering new experiences for users, developers and businesses.
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