Google announced Friday that it would be reducing 12,000 jobs from its workforce, joining a number of other significant U.S. tech businesses in eliminating positions due to recessionary concerns.
Google’s CEO, Sundar Pichai, announced Friday that the business would start making layoffs in the United States right away. According to him, the procedure in other nations “will take longer due to local laws and procedures.” In November, CNBC reported that Google staff members had been anticipating layoffs due to company-wide budget cuts and modifications to the company’s performance evaluation process.
According to Pichai, the web search and video-sharing giant would give employees in the United States 16 weeks of severance compensation in addition to two weeks for each subsequent year of employment. Following the news, Google shares increased by more than 5% in early trading.
