As per the latest update, Alphabet has laid off 12,000 employees. This is after Microsoft laid off 11,000 employees.
This is equal to 6 percent of the total workforce as per the market study.
Company CEO Sudar Pichai released a note to all employees, explaining to them the reason for the massive layoff.
The layoff will be from different countries across Google Offices.
Highest Paid Actress
The reason could be the ongoing recession in many countries and the change in economic reality.
CEO Sudar also stated that he will assure help all affected employees in getting a better opportunity.
He also assured that a better package and benefits will be provided to all affected employees.
Sundar stated that his company is focusing on AI which is the next future, but didn't hint at another layoff.
Drugs in Halloween
There was a letter sent to all employees by Sundar on his harsh decision.
More Stories
Google Layoff comes days after Big Giant Companies like Microsft, Cisco, Wayfair fired thousands of employees.
Visit my websites for news, blogs, trending topics and Money-Making Ideas!
Click Here