Alphabet, the parent of Google, will cut around 12,000 jobs worldwide, a figure close to 6% of the workforce, to address weakening economic conditions, as confirmed by the CEO of the company and its parent company, Sundar Pichai.
In this way, the giant from Mountain View, United States, joins the wave of massive layoffs in the US technology sector due to the worse conditions of the economy and the increase in costsafter Microsoft’s announcement this week of the cut of about 10,000 jobs and that Amazon began to communicate the departure of about 18,000 workers.
“We have decided to reduce our workforce by approximately 12,000 positions,” Pichai said, stating that the company has already contacted the affected employees in the United States by email, while, in other countries, “this process will take longer due to local laws and practices.”
The executive explained that in the last two years the multinational had undertaken a hiring policy “to equalize and feed” the spectacular growth experienced in that period. “We hired for a different economic reality than the one we face today,” he acknowledged.
In this sense, he specified that the roles to be eliminated reflect the result of a rigorous review carried out in all areas and functions to guarantee that they respond to the main priorities of the company and “cover Alphabet, product areas, functions, levels and regions”. .
The largest companies in the world opted to make massive layoffs
The renowned McDonald’s hamburger chain will undergo a restructuring, which includes layoffs of employees.
Chris Kempczinski, CEO of the fast food giant company, sent a memo to workers where they were informed about what will happen in the following months. In parallel, McDonald’s seeks to accelerate the expansion of its restaurants in the world.
Kempczinski said the layoffs are not a measure to cut costs within the company, but rather are designed to help McDonald’s innovate faster and work more efficiently.
“We must accelerate the pace of opening our restaurants to fully capture the increase in demand that we have driven in recent years,” read in the statement sent by Kempczinski.
McDonald’s has not released a forecast for how many new restaurants it plans to build in 2023, but hinted last November that new unit openings would contribute around 1.5%. to sales growth across the system in 2022.
The exact date on which the layoffs at McDonald’s will begin is unknown, but this is in addition to those already announced by giants such as Amazon, Salesforce and Facebook.
Meta, the parent company of Facebook, announced a few days ago the dismissal of 11,000 employees, which corresponds to about 13% of its workforce. “I want to take responsibility for these decisions and how we got here. I know this is difficult for everyone, and I am especially sorry for those affected,” CEO Mark Zuckerberg said in a message to staff.
The newspaper The Wall Street Journal, citing people familiar with the matter, reported that the layoffs they could affect “many thousands” of Meta employees and that the staff cut would be announced on Wednesday.
As of September 30, 2022, Meta had some 87,000 employees worldwide across its various platforms, including the social networking sites Facebook and Instagram, as well as the WhatsApp messaging platform.
Following the recent release of disappointing quarterly results, Meta’s CEO, Mark Zuckerberg said that the company’s staff would not increase by the end of 2023 and may even decrease slightly.
Another giant that joined this strategy that leaves several citizens without work was the technology company Salesforce, specialized in software of customer relations (CRM), which announced a workforce adjustment that will affect around 10% of its more than 70 thousand employees, with the goal of reducing operating costs, improving margins and driving profitable growth.
In addition to cutting about 10% of its workforce, the multinational is also contemplating a reduction in office space and the abandonment of certain properties in certain markets.
With information from Europa Press and AFP
We want to say thanks to the writer of this short article for this awesome web content
More layoffs: Google will cut 12,000 jobs