Google to lay off up to 12,000 employees with immediate effect

Google

By: AIZAZ KHAN

Sundar Pichai, CEO of Alphabet, confirms plans to lay off "approximately 12,000 roles" in a dedicated January update post on the Keyword Blog.

01

Affected employees will be paid for the full notification period and offered a severance package starting at 16 weeks’ salary plus two weeks of salary for every additional year worked at Google.

Affected Employees to be Paid and Offered Severance Packages:

02

All 2022 bonuses and remaining vacation time will also be paid, and six months of healthcare will be provided for US-based staff. Immigration support and job placement services information will also be offered.

Layoffs Across Various Sectors and Business Areas:

03

Pichai cites "difficult economic cycles" and a new focus on directing "talent and capital" to Google's "highest priorities" as reasoning for the layoffs.

Google Focusing on AI and Directing Talent and Capital to Priorities:

04

Google's Q3 earnings report showed revenues jumping 6% in Q3 2022, but it was lower than initial estimates and the weakest period of growth for the company since 2013.

Google Q3 Earnings Report Shows Weakest Growth Since 2013:

Layoffs will also affect other Alphabet subsidiaries, but it is not clear which areas will be targeted the most.

Layoffs will also affect other Alphabet subsidiaries:

All 2022 bonuses and remaining vacation time will also be paid, and six months of healthcare will be provided for US-based staff. Immigration support and job placement services information will also be offered.