Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    Facebook Twitter Instagram
    Iran MirrorIran Mirror
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Iran MirrorIran Mirror
    Home » Google is planning to lay off 12,000 employees
    Business

    Google is planning to lay off 12,000 employees

    January 20, 2023

    In an email sent to Google’s staff on Friday, Sundar Pichai announced the company would lay off 12,000 employees. The move follows the layoff of 28,000 employees by Amazon and Microsoft combined, as well as the announcement of 11,000 job cuts by Meta, the parent company of Facebook.

    Google is planning to lay off 12,000 employeesGoogle will offer its U.S.-based employees 16 weeks of severance pay, plus two weeks for each additional year they have worked at the company, Pichai said. As a result of rising interest rates and inflation, technology companies are currently facing a number of challenges, including a reduction in advertising expenditures. This is in part because of lower interest rates and inflation.

    Interest rate increases by the US Federal Reserve in particular have led to a souring appetite for American tech shares. In turn, the gloomy macroeconomic environment has forced these companies to make deep cuts to their workforces.

    Over 18,000 people were affected by Amazon’s new round of job cuts on Wednesday. Microsoft announced plans to lay off 10,000 employees on the same day. Since taking over as CEO late last year, Elon Musk has also made redundancies at Twitter, reducing the company’s headcount by over half.

    Share. Facebook Twitter Pinterest LinkedIn Telegram Reddit Email

    Related Posts

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    Lack of cash causes Pakistani food shortages, unemployment

    February 14, 2023

    $150 million EIB investment to create 8,000 technology jobs in ME

    February 14, 2023

    Adidas shares plunge after warning about unsold Yeezys

    February 10, 2023

    CEO of JPMorgan says it is too soon to declare victory over inflation

    February 9, 2023
    Editor's Pick

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    A flight operated by Etihad Airways touched down last night in Kolkata, the capital of…

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    Canadian legislature laughs after Biden accidentally applauds China

    March 25, 2023

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023
    © 2023 Iran Mirror | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.