Layoffs in Alphabet: Google’s parent company Alphabet has once again made layoffs. This time the company has expelled hundreds of employees from its global recruitment team.
Alphabet has become the first company to lay off employees in the second quarter of the current financial year. The company has already slowed down hiring. Tech companies started layoffs in the beginning of 2023 and the phase of laying off employees is not over yet. Along with Alphabet, many big tech companies including Meta and Amazon have already laid off many employees.
According to news agency Reuters, Alphabet has decided to eliminate hundreds of positions. This is not part of wide-scale layoffs. The team strength will be retained for important roles. Alphabet cut about 12,000 jobs in recruiting and engineering teams in January. This layoff of employees was done across the world, which is about 6 percent of the total workforce. Amazon had announced cuts in 18,000 jobs. Microsoft had also shown the way out to 10,000 employees.
Layoffs have increased four times.
Companies all over the world including America are firing employees. Along with big companies, startups have also shown the way out to their employees. Gray and Christmas job cuts in the US more than tripled in August from July and nearly quadrupled compared to the year-ago period, according to a report by employment firm Challenger. In a survey conducted by Reuters, the Economist had estimated that new claims for unemployment benefits in the US would increase by about 8 percent in the week ending September 9.
That’s why layoffs are taking place:
Amidst economic uncertainties, tech companies around the world are cutting jobs to rationalize their operations, cut costs and bring efficiency. This is the reason why apart from Google, many tech companies like Amazon, Meta and Microsoft have shown the exit door to a large number of employees this year.