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Google parent Alphabet to cut 12,000 jobs days after Microsoft and Amazon announced thousands of job cuts

Google’s parent company Alphabet Inc. has announced that it will be cutting 12,000 jobs worldwide, in the latest staff redundancies to hit the tech industry. The cuts will affect 6% of Alphabet’s global workforce, including recruitment and engineering teams. This comes days after Microsoft announced 10,000 job cuts, and weeks after Amazon announced 18,000 job cuts.

In an internal email, CEO Sundar Pichai thanked staff for their hard work and contributions, and said he was taking “full responsibility” for the cuts. He wrote that Alphabet will be supporting employees as they look for their next opportunity, and that those just starting their work day could work from home that day.

According to a recent filing with Companies House, Google has more than 5,500 staff in the UK, but it is unclear how many of these will be affected by the cuts. US employees will receive at least 16 weeks of salary, their 2022 bonus, paid vacations and six months of health coverage as part of their severance packages.

Wall Street welcomed the job cuts, with Alphabet shares rising by 3.5% in electronic trading before the stock market opened. Analysts have said that tech giants had taken on too many employees before the pandemic, and that the situation had become unsustainable.

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