Google will lay off 6% of its global workforce

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After Amazon, Microsoft, and Meta carried out mass layoffs, Google is doing the same and plans to let about 6% of its global workforce go. This amounts to nearly 12,000 people.

For comparison, Amazon’s latest round of layoffs cut 18,000 jobs (6%), Microsoft cut 10,000 jobs (5%), while Meta had to lay off 11,000 people (13%). So Google’s layoffs aren’t disproportionately larger, but there are still a lot of people on the verge of being left without a job. Everyone in the tech industry — and not just them — is bracing for the economic downturn and looking for a way to cut costs. Of course, laying off jobs is one of the levers companies can pull.

Google CEO Sundar Pichai said in an official statement that the rest of Google’s employees should be focused more than ever and work with a heightened sense of urgency. Then he added that Google will make more effort to develop its services related to artificial intelligence in order to compete with competing companies working on similar projects.

This year, Google’s revenue grew to $69 billion, but actual profits shrank to $13.9 billion. And with global economies expected to face serious challenges in 2023, Google is trying to act before things get too bad.

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