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Monday, January 30, 2023

Google parent cutting 12,000 jobs

Big Tech battling a major economic downturn after years of heavy investing and hiring

People visit the Google booth at CES 2023, the world’s largest consumer electronics show, at the Las Vegas Convention Center on Jan 6. (Photo: Reuters)

Google’s parent company Alphabet said on Friday it would cut 12,000 jobs globally, citing a changing “economic reality”, becoming the latest US tech giant to enact large-scale restructuring.

The layoffs come a day after Microsoft said it would reduce staff numbers by 10,000 in the coming months, following similar cuts by Facebook owner Meta, Amazon and Twitter as the previously unassailable tech sector battles a major economic downturn.

“Over the past two…

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