Google lays off 12000 staff worldwide amid recession fears

In a significant move to gear up focus on Artificial Intelligence (AI), Google's parent Alphabet Inc (GOOGL.O) has laid off 12000 staff across the globe.

CEO Sundar Pichai announced the job cuts on Friday in a statement posted on the company’s news blog.

“Over the past two years we’ve seen periods of dramatic growth,” Pichai wrote. “To match and fuel that growth, we hired for a different economic reality than the one we face today.”

He said the layoffs reflect a “rigorous review” carried out by Google of its operations.

The jobs being eliminated “cut across Alphabet, product areas, functions, levels and regions,” Pichai said.

Pichai said that Google, founded nearly a quarter of a century ago, was “bound to go through difficult economic cycles.”

“These are important moments to sharpen our focus, reengineer our cost base, and direct our talent and capital to our highest priorities,” he wrote.

There will be job cuts in the U.S. and in other countries, according to Pchai’s letter.

Google isn't the first tech company to lay off staff in recent times, earlier this week, Microsoft announced 10,000 job cuts. Amazon, Meta, Salesforce and Twitter have also slashed jobs amid a darkening outlook for the industry.

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