In October 2022, Alphabet released lower-than-expected numbers for its third fiscal quarter. revenue and profit fell short of expectations. A month later, The Information media estimated that Google might be ready to lay off at least 10,000 people, including the lowest performing workers.
In a new email, CEO Sundar Pichai finally confirmed the bad news. Google’s boss first reminds his employees that the company has hired a lot over the past two years to cope with the phenomenal growth it’s going through. The workforce would increase by about 24% from one year to the next.. However, Google now faces a very different economic reality, forcing it to leave some of its payroll, about 12,000 people, or 6% of its workforce. The day before yesterday, Microsoft announced a similar restructuring plan.
Google will go out of business en masse
The cuts will affect employees of Alphabet, Google’s parent company, and are the result of “meticulous scrutiny”. ensuring that the company’s workforce is aligned with its highest priorities. One of those priorities is artificial intelligence, according to Pichai’s email. Some of the layoffs should also concern many members of the Stadia team, Google’s cloud gaming service that closed its doors yesterday morning.
Employees affected by layoffs in the United States have already received notifications in their emails. International workers may have to wait longer to find out if they are affected by local laws.
The good news is that Pichai said that Employees will be paid for the full 60-day minimum notice period. Alphabet will also offer severance packages starting at 16 weeks’ pay and two weeks for each additional year spent at Google. Six months of health care, placement service and “immigration assistance for those affected“. Many ex-employees without a work visa will have to return to their home country if they cannot find work quickly.
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